The methods that scientific and technical experts have developed for constructing quantitative assessments of health and safety risks have major shortcomings as tools for decision analysis. We use a model of cost-effective risk management under uncertainty to discuss shortcomings of standard...

Most studies of water quality trading (WQT) analyze the cost effectiveness of reducing nutrient pollution in isolation from other policies. However, the policy landscape to reduce nutrient pollution from agriculture is dominated by existing cost-share (CS) programs, which are likely to persist...

We evaluate three farmer behavioral responses to incentive payments for ecosystem services, specifically a cover crop cost-share program aimed at reducing nitrogen loads in the Chesapeake Bay. Using farmer survey data in Maryland, we estimate a two-stage simultaneous equation model to correct...

Index insurance has been seen as an important tool for managing the risks faced by farmers in developing countries but uptake has been disappointingly low. Basis risk is often cited as one of the main reasons for the lack of uptake. We investigate the role of basis risk in greater depth by...

Common pool resources often face overexploitation, but collective action can counteract that tendency. We investigate collective investment in reputation for produce food safety, a common pool resource because of limited branding and traceability, by industry-based and government-sponsored U.S....

Many food crops rely on pollination by animals. Historically, wind and wild organisms provided pollination as an ecosystem service that varied across agroecological zones, cropping systems, and time. The value of these pollination services is likely substantial but has not been estimated...