Agricultural producers make investment decisions based on beliefs about future returns. This article investigates how changes in beliefs about input availability affects the adoption of conservation practices. We develop a theoretical model to examine how a producer's beliefs about water...

Despite years of development interventions, agricultural productivity in Africa south of the Sahara still trails far behind all other continents, leaving many rural populations in dire poverty. This suggests that our understanding of the impacts of agricultural development projects is still...

This paper evaluates the welfare and greenhouse-gas effects of the Renewable Fuel Standard (RFS) in the presence of biofuel subsidies. In our numerical model, demand for gasoline and ethanol stems from consumer demand for driving miles, but all fuels have congestion and environmental external...