Abstract not available

Abstract not available

Valuing Pest Control: How Much is Due to Risk Aversion?

Pest Mobility, Market Share, and the Efficacy of Refuge Requirements for Resisance Management

Because it is difficult to monitor emissions and to implement differential taxes and standards, uniform taxes and standards on agricultural chemical use are often proposed and used to control nonpoint-source pollution. This article analyzes the relative efficiency of these uniform instruments in...

Information technologies used in production activities facilitate the acquisition of more detailed and more timely information concerning the state of the production environment. While the effects of distribution shifts on decisions under uncertainty have been much studied, less is known about...

We examine the relative influence of preferences and technology on producers' ex ante willingness to pay for a reduction in production risk. A risk averse producer pays both an Arrow-Pratt risk premium to stabilize income and a ﾑproduction premiumﾒ to stabilize yield. Using...