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The extent to which crop insurance programs have resulted in additional land being brought into production has been a topic of considerable debate. We extend a multi-equation structural model of crop acreage response, insurance participation, CRP enrollment, and input usage developed in Goodwin...
Persistent link: https://www.econbiz.de/10009443551
"This paper reports the design and testing of a coordination process for finding a group agreement simultaneously about cost sharing and the nature of a shared good. The process was designed to search for a cost sharing equilibrium, a particular type of Pareto optimum. The cost share equilibrium...
Persistent link: https://www.econbiz.de/10009468385
"We propose a regional cooperative water management system that combines aspects of a nonprofit regional utility and a representative governing body. The conceptual basis is temporal economic efficiency. To help the utility make acceptable management decisions, a representative body of water...
Persistent link: https://www.econbiz.de/10009468386
"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study individual or group behavior in such contexts may also want to...
Persistent link: https://www.econbiz.de/10009468391