Efficient management of natural resources requires that the least cost fishers operate in a fishery. Information economics tells us that firms have information about their costs that governments cannot readily acquire, and that we need to ensure this information is revealed in order to allocate...

Conventional wisdom holds that rainfall variability represents a significant source of agriculture production risk. Surprisingly, there have been very few economic analyses exploring the link between rainfall variability and agriculture production. This paper is intended to investigate the...

Increasing recognition of the environmental impact of agriculture has led to increasing public activity around the world encouraging public conservation programs. Different countries have taken different program approaches to accomplish this. The comparison and contrast here is between Australia...

Conservation auctions are increasingly being used to procure public environmental goods on private land. In the absence of demand-side price information, the majority of conservation auctions in Australia have been designed without a reserve price. In these instances bids have been accepted in...

The production and consumption of environmental goods and services are subject to many of the problems associated with public goods. Due to their non-rival and non-excludable nature, incentives for individuals to invest in their production are often absent. To address this market failure,...

This article focuses on the program of Ecological Afforestation on barren lands, degraded arable lands, harvested sites and sloped farmland in Sichuan, China. Farmers were given the opportunity to propose afforestation activities for which they would be paid an specified amount. These bids and...

Modelling of cropping or crop-pasture rotations to date has been based on a predetermined, restricted set of rotations as “activities” of a Linear Programming matrix. This approach limits the use of such models to evaluate new crop varieties and potential rotations. It also results in the...

Due to the existence of interactions between crops, pasture and livestock, crop-pasture rotations are more complex systems to model compared to continuous cropping rotations. The inclusion of a “long fallow” phase that interacts with both crops and livestock further increases this...