This paper analyzes risk aversion in discriminatory share auctions. I generalize the k-step share auction model of Kastl (2011, 2012) and establish that marginal profits are set identified for any given coefficient of constant absolute risk aversion. I also derive necessary conditions for...

This paper presents the results of a cost-benefit analysis of a conservation program for the Pentro horse. This horse breed has been reared for millennia in a Southern Italian wetland where it is now strongly tied to the traditions of the region, but presently faces extinction as only 150 horses...

West African farmers are among those most likely to suffer from climate change, partly due to the agro-climatic characteristics of the regional system and to their limited scope for coping with shocks. Climate change adaptation has thus been touted as a necessary path for rural poverty reduction...

This article investigates the relationship between optimal gear selectivity and effort cost in the fishing industry. We first show that optimal selectivity depends negatively on the level of effort cost, but that this relationship is not continuous. Optimal selectivity switches when real effort...

Increased risk due to global warming has already become embedded in agricultural decision making in Central Asia and uncertainties are projected to increase even further. Agro-ecology and economies of Central Asia are heterogenous and very little is known about the impact of climate change at...