Focuses on methodological advances within the field of water resource economics and shows how these advances can be applied to the economics of water issues. This book identifies five areas of particular importance - asymmetric information and game theory, uncertainty, space, water quality, and...

This paper analyzes the optimal behavior of farmers in the presence of direct payments and uncertainty. In an empirical analysis for Switzerland, it confirms previously obtained theoretical results and determines the magnitude of the theoretical predicted effects. The results show that direct...

The incorporation of space allows the establishment of a more precise relationship between a contaminating input, a contaminating byproduct and emissions that reach the final receptor. However, the presence of asymmetric information impedes the implementation of the first-best policy. As a...