This paper analyses costs and benefits of planting trees on marginal lands across forestry zones in Ukraine with the purpose of using them for timber production, erosion prevention and climate change mitigation. The research reveals that establishment of new forests to increase timber production...

Many of the import competing sectors in Moroccan agriculture are protected while water in irrigated agriculture is priced below its marginal value product. Establishing a water market in this pre-trade reform environment can be welfare decreasing. Further, as the shadow price of water is...

This paper has three basic purposes. The first is to review a rigorous framework for the analysis of commons dilemmas proposed by Dasgupta that avoids many basic faults of the usual apparatus. The second is to relate this analysis of the commons to models of external effects and public foods....