It is well known from the compliance literature that whenever it costly tomonitor agents' compliance to contract terms, compliance is likely to beincomplete. This paper goes one step further by examining the implications ofincomplete monitoring on agent's sales offers in auctions for...

Work on common pool resources has paid scant attention to the role of properties of natural resources for the way their provision is governed. This paper scrutinizes determinants of institutions that regulate the provision of biodiversity and ecosystem services. Two cases of maintaining...

Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...

O presente trabalho teve por objetivo analisar o desempenho financeiro de um projeto de reflorestamento sustentável de Teca (Tectona grandis L.f.) na região amazônica, especificamente no Estado do Acre, visando à comercialização de créditos de carbono no âmbito do Protocolo de Quioto por...

Within the EU, it is agreed that watershed-based management of water quality problems is likelyto be more economically efficient compared to existing institutional arrangements. Watershedauthorities, assigned under the European Water Framework Directive, do however lack financialresources for...

When assessing climate change impact, adaptation is an important behavioral response to reduce potential risk. But it has been widely recognized that there are barriers to adaptation. And attempts to estimate impacts may be biased when these barriers neglected. Potential barrier on adaptation...

Leakage in the fuel market differs, depending on whether ethanol production is determined by a tax credit or consumption mandate. Two components of market leakage are distinguished: domestic and international. Leakage with both a tax credit and a consumption mandate depends on market...

How can we estimate the negative externalities of agriculture at the national level, and attribute these to specific production activities and outputs? The paper presents a method that calculates the mass flow in the whole agricultural sector including inputs from other sectors, and that allows...

Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...

The purpose of this study is to examine the possible local impacts of cap-and-trade climate policy on agricultural producers in the Northern Plains. This study explicitly considers farmer behavior with respect to agricultural opportunity in carbon offset provision and ability of adaptation to...