The decision of whether to retain forest or convert to another land use is affected by uncertainty over future land-use returns. This paper examines the design of conservation payments to landowners under uncertainty. Payments are indexed to the returns from forest conversion (agriculture), or...

The present paper discusses a new approach to the Brazilian production and transaction of genetically modified soybeans, especially the Roundup Ready seeds from Monsanto, taking into consideration principles of the Bioethics and of the New Institutional Economics. The author supports her...

Technological change in the 1970s and 1980s made it possible to grow soybeans in the remote Brazilian Savanna. However, multiple constraints typical of a developing region prevented many ranchers from adopting soybeans. Following the macroeconomic reforms that opened up the market in Brazil,...