In arid regions, including Australia's Murray-Darling basin and California's Central Valley, increasing salinity is a problem affecting agriculture, regional economies, urban areas, and the environment. The direct costs of salinity to agriculture in the Murray-Darling basin and California’s...

The stocking density on Kazakhstan's extensive rangelands is well below traditional levels. To analyze dynamic flock performance, we develop a stochastic dynamic programming model for livestock systems with stochastic forage production. The model contains continuous five state and 12 control...

In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for...