Soils are often subject to environmental shocks which are caused by negative externalities linked to overexploitation. We present a stochastic model of a dynamic agricultural economy where natural disasters are sizeable, multiple, and random. Expansion of agricultural activities raises effective...

This book is a collection of Amitrajeet A Batabyal's most important papers on the environment and economic development. It begins with a comprehensive and previously unpublished introductory chapter, followed by 12 chapters on different problems such as land use for agricultural purposes,...

Key Features:Demonstrates how theoretical approaches - particularly dynamic and stochastic approaches - can yield insights into the resource and environmental problems of developing nationsAnalyzes the desirability of certain common resource use practices from an integrated ecological-economic...