Intertemporal trade-offs are inherent in most choices, and are especially salient in environmental decisions. Although psychology, anthropology, and economics each offer unique insights and findings on the mental and social processes underlying the evaluation of future events, each discipline...

The Coase Theorem is analyzed in a setting in which pollution damages are a stochastic function of emissions and of natural environmental variability (e.g., weather). When pollution damages are stochastic, emissions create financial risks. Pollution levels allowed under Coasian contracts then in...

We formulate and test a hypothesis for the dramatic restructuring that the plant breeding and seed industry has recently undergone: the reorganization can be explained in part by the desire to exploit complementarities between intellectual assets needed to create genetically modified organisms....

We formulate and test a hypothesis for the dramatic restructuring that the plant breeding and seed industry has recently undergone: the reorganization can be explained in part by the desire to exploit complementarities between intellectual assets needed to create genetically modified organisms....

The Coase Theorem is analyzed in a setting in which pollution damages are a stochastic function of emissions and of natural environmental variability (e.g., weather). When pollution damages are stochastic, emissions create financial risks. Pollution levels allowed under Coasean contracts then in...

A decision algorithm is presented that improves the productivity of data collection activities in stochastic environments. The algorithm was developed in the context of an aircraft field campaign organized to collect in situ data from boundary layer clouds. Required lead-times implied that...

The prospect that the nations of Central and Eastern Europe may soon join the European Union (EU) raises a number of questions concerning the treatment of agriculture under the treaties of accession. In order to analyze the implications of alternative accession scenarios, we construct a...

While biotechnology creates new opportunities for agriculture, developments are impeded by confusion in the system for awarding intellectual property rights (IPRs) over agro-biotechnological innovations. An intelligent redesign of the IPR system requires attention to how the definition of rights...