We study the multifunctional character of agriculture based on the fact that agriculture produces jointly a number of food and non-food products. We augment the model of private agriculture with endogenous input and land allocation to include biodiversity, landscape amenity, and chemical runoff.

This paper investigates farmers’ incentives to participate voluntarily in carbon offset markets when environmental credit stacking is allowed, that is, farmers can stack water quality credits with carbon credits. The implications of stacking on additionality of environmental services in...

Potential earnings from permits sales may provide an incentive for farmers to accept water quality regulation. We derive optimal adjustments of point/nonpoint effluent trading ratios for heterogeneity in marginal environmental damage and degradation/retention of the pollutant across locations in...

Potential earnings from permits sales may provide an incentive for farmers to accept water quality regulation. We derive optimal adjustments of point/nonpoint effluent trading ratios for heterogeneity in marginal environmental damage and degradation/retention of the pollutant across locations in...

We examine whether climate benefits warrant policies promoting biofuel production from agricultural crops when other environmental impacts are accounted for. We develop a general economic-ecological modelling framework for integrated analysis of biofuel policies. An economic model of farmers'...

This paper applies counterfactual approach to assess the impacts of agri-environmental programs. We focus on <italic>ex-post</italic> policy evaluation in a case where the control group is <italic>de facto</italic> non-existent and treatment group covers the whole population. We employ a theoretical framework based on profit...

This paper applies counterfactual approach to assess the impacts of agri-environmental programs. We focus on <italic>ex-post</italic> policy evaluation in a case where the control group is <italic>de facto</italic> non-existent and treatment group covers the whole population. We employ a theoretical framework based on profit...

type="main" xml:id="ajar12049-abs-0001" <p>We examine environmental auctions on working agricultural lands. We organized a discriminatory auction where farmers were asked to make bids on spreading gypsum on their fields to reduce phosphorus loads to surface waters. The parcel-specific bids were...</p>