A lack of awareness and understanding of risk and uncertainty can lead to poordecision making and higher costs for policy providers, as not accounting for themmay produce policy which is inflexible and with a negative effect on welfare. Further,misunderstanding of and/or failure to account for...

This paper provides an assessment of the changes in the availability of oil and gas resources in Malaysia. The physical and monetary balance sheets for crude oil and natural gas for the period 2000- 2007 was constructed. The net present value of expected future incomes to reflect the value of...

Climate change is one of the toughest challenges facing the world today. Putting a price on carbonemissions is an important step towards climate change mitigation. A cap and trade system is one ofthe ways to create a carbon price. The New Zealand Emissions Trading Scheme (NZETS) is theworld’s...

In the corn ethanol industry, the ability of plants to obtain favorable prices through marketing decisions is considered important for their overall economic performance. Based on a panel of surveyed of ethanol plants we extend data envelopment analysis (DEA) to decompose the economic efficiency...

Per capita income and human population levels in a country have direct influences on itsenvironmental outcomes. Countries with same level of income may have different rate ofincome growth and vice versa, suggesting that the influence of the rate of income growth onenvironmental outcomes could be...

Agro-industries seem as an alternative to development to Sergipe semi-arid region that has to cope with the social and economicdifficulties of local population and the climatic adversities as well. This study has the objective to identify the profile, managementpractices and the environmental...

The aim of this article is to analyse the investment activities realized in the agricultural sector of the Czech Republic during the period of 1998-2009. The study focuses on the development of the volume of investments in agriculture, their composition and economic efficiency. The analysis is...

The clear definition of property rights is not a sufficient condition to prevent congestion effects in commons. In this paper we present how interesting can be the coordination among owners in the preservation of the common good. Our approach takes into account economic dynamics and incentive...

We propose a test of the Porter hypothesis for the Dutch horticulture sector, using a stochastic production frontier analysis allowing for an inclusion of policy variables to account for the effect of environmental policy of firm performance. We find considerable heterogeneity in the way firms...

Agri-environmental programs are part of the green box of the GATT Uruguay Round and are supposed to "have no, or at most minimal trade distorting effects or effects on production." In addition, "the amount of payment shall be limited to the extra costs or loss of income involved in complying...