A long standing controversy in the range management literature concerns the relative significance of the stocking rate versus the length of time during which animals graze a particular rangeland. We analyze this issue by studying the decision problem faced by a private rancher who wishes to...

A long standing question in range management concerns the relative importance of the stocking rate versus the length of time during which animals graze a particular rangeland. We address this question by analyzing the problem faced by a private rancher who wishes to minimize the long run...

A salient question in range management relates to the relative significance of the stocking rate versus the length of time during which livestock animals graze a specific rangeland. In recent times, Batabyal and his colleagues have provided a theoretical answer to this question. Given the...

We address the long standing concern that food-aid works as a disincentive for recipient country agricultural production, by increasing recipient food supply and driving down food prices. This analytical conclusion, while widely accepted in the literature, relies on implausible Arrow-Debreu...

The notion of a reservation value is a key feature of most contemporary dynamic and stochastic models of land development. It is clear that the magnitude of the reservation value has a fundamental bearing on the decision to develop or preserve land. This notwithstanding, many papers that analyze...

This chapter uses a new ecological-economic framework to study the role of time in range management in a dynamic and probabilistic setting. We first construct a theoretical model of a parcel of rangeland in which time restrictions are used to manage the land. We then show how the dynamic and the...