Criticisms of the Green Revolution have focused on environmental and human health problems associated with pesticides. Pesticides may also have adverse effects on wild fish and other aquatic animals in rice paddies that supply an additional source of food and income for some farm households and...

It has long been argued that tenants tend to overexploit land, but this conventional wisdom has been derived largely without consideration of landlords' actions. We examine what happens when landlords can invest in durable conservation measures in addition to choosing rental contract terms. When...

Potential earnings from permits sales may provide an incentive for farmers to accept water quality regulation. We derive optimal adjustments of point/nonpoint effluent trading ratios for heterogeneity in marginal environmental damage and degradation/retention of the pollutant across locations in...