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This study investigates the role of information in influencing the adoption of improved farm management practices. A lack of producer information regarding both the profitability and the environmental benefits of adopting improved practices may be a reason why widespread adoption of these...
Persistent link: https://www.econbiz.de/10010911434
We study a rent-based land use problem where a landowner is uncertain about the timing and extent of an emerging biomass market. Unlike other work, ecosystem service flows, in the form of amenities, and transaction costs impact conversion from agriculture or conventional forest to bioenergy, but...
Persistent link: https://www.econbiz.de/10010939641
We think beyond the Pigouvian policy approach for correcting forest ecosystem externalities. Not all ecosystem services in forestry are public goods and deserving of government intervention. Interaction in the market by sellers and buyers concerning payments for ecosystem services is possible....
Persistent link: https://www.econbiz.de/10010939642
Tradable permit markets for carbon dioxide (C02) emissions respond to short-run fluctuations in economic activity. To provide stability, both price and quantity interventions have been proposed. This paper focuses on the relative performance of fixed versus intensity allowances in the presence...
Persistent link: https://www.econbiz.de/10010944318
We use a vertical product differentiation model under partial market coverage to study the social welfare optimum and duopoly equilibrium when convex costs of quality provision are either fixed or variable in terms of production. We show the following new results. First, under fixed costs, the...
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