Ownership and control are rarely synonymous. This article examines the factors motivating Mexican agrarian communities with forests to participate and invest in timber production activities, an opportunity that has opened in the past 20 years due to changes in Mexican forestry policy. We propose...

Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those...

Democratic participation has increasingly become a natural resource management policy approach for governments around the world. Yet, its effective application across stakeholder groups remains a challenge. With original survey data from Mexico, a country with extensive common property...

The theory of storage and arbitrage approaches fully incorporate nominal interest rates in far-near commodity price spreads Alternative frameworks admit a relationship between interest rates and commodity own rates of interest and as a result the commodity price spread would not completely...

Agency theory explanations for agricultural contract designs are often observationally equivalent to perfect information explanations. Further in order to test properly the hypothesis that moral hazard is important one must first test and accept the hypothesis that agents respond to contract...