Replaced with revised version of paper 06/18/08. Former title: Non-Linearity in Belief and Environmental Risk Dynamics

The agronomic characteristics of willow and miscanthus make these crops highly susceptible to risk. This is particularly true in a country such as Ireland which has limited experience in the production of these crops. Issues such as soil and climate suitability have as yet to be resolved. The...

In 1984, New Zealand introduced important policy reforms in order to address major macroeconomic and fiscal imbalances. New Zealand's support to agricultural producers rapidly decreased from 30 percent of the value of production to about 2 percent, and has remained the lowest among OECD...

Social Appraisal of Agricultural Projects

We assess the economic feasibility of a 10 MMGY biodiesel plant using a Monte Carlo Cash Flow model programmed in Excel using @Risk, a simulation and risk analysis software. The model incorporates stochastic components to capture uncertainty in the analysis. The stochastic components are mainly...

A CVM survey of WTP for water quality was conducted in October 1997. Findings suggest that WTP depends logically on risk perceptions and, thus, on the amount of water quality being purchased. However, erroneous subjective risk opinions were found to bias WTP downward.

The 1996 Safe Drinking Water Act Amendments required that water utilities send quality reports to customers. We test whether receiving such reports of health violations increases purchases of bottled water using newly released data and disaggregate changes in demand at the intensive and...

According to advocates, eco-certification can improve developing country farmers’ environmental and economic performance. However, these notional benefits can be undercut by self-selection: the tendency of relatively wealthy farmers already meeting eco-certification standards to...