We use line integral theory to lay out in a more general theoretical framework the conditions under which it is possible to measure with market data the welfare effects of a change in a nonmarket good. We present in detail a numerical method of measuring the value of nonmarket goods using market...

World cotton prices fell by about 40% over 2001-2002, focusing attention on the effect of subsidies for cotton growers in depressing world prices. This paper combines farm survey data from Benin with assumptions about the decline in farm-level prices to estimate the direct and indirect effects...

In the context of the economic development, income diversification is sometimes defined as the process by which households switch from growing low-value staple food crops to growing a mix of food crops and higher-value commercial crops (crop diversification) and from farming to non-farm...