<italic>En primeur</italic> sales of Bordeaux <italic>grands crus</italic> occur every spring on the Bordeaux marketplace and represent the main source of supply for wine merchants. We address two specific issues related to the <italic>en primeur</italic> strategy. First, we study whether <italic>en primeur</italic> prices are good estimates of wines' qualities,...

This article considers an agricultural production model of sequential nitrogen application under risk. Because of random shocks between subsequent production stages, optimal fertilization decisions depend on the magnitude of farmers' risk aversion (risk premium), and the possibility for farmers...

We consider a model of pollution regulation for a risk averse farmer involving hidden information, moral hazard, and risk-sharing. The representative farmer faces a production risk originating from nitrogen leaching, and privately observes the soil capacity in retaining nitrogen only after the...

We consider a model of regulation for nonpoint source water pollution where farmersare heterogenous along two dimensions, their ability to transform inputs into finalproduction and the productive land they possess. Regulation takes place through nonlinear taxation/subsidization of agricultural...

Si l'objectif premier des politiques alimentaires fut, pendant longtemps, de garantir la sécurité alimentaire des populations, les objectifs sont maintenant plus qualitatifs, au moins dans les pays développés. L’importance du "mieux" manger s’est progressivement accrue dans un contexte...