We develop a conceptual model that captures OPEC pricing behavior, and apply it to explain the large gap observed between domestic fuel prices in OPEC countries and prices in the rest of the world. We model OPEC as a cartel of nations, not firms, and assume that politicians use two instruments:...

This paper seeks to characterize the factors that explain crop insurance participation. A stylized model of insurance demand, with a simple setup of one crop. CARA preferences, yield insurance, and PDfs for revenue and yeild with moment‐generating functions, provides a number of hypotheses...

Contents -- Contributors -- 1 Bioenergy Economics and Policy in US and Brazil: Effects on Land Use and Greenhouse Gas Emissions -- 1 Overview -- 2 Market and Policy Incentives for Biofuel Production in the US and Brazil -- 3 Land Use and Greenhouse Gas Effects of Biofuel Production in the US and...

Interest in biofuels began with oil shocks in the 1970's, but the more rapid development and consumption of biofuel industry in recent years has been primarily driven by mandates, subsidies, climate change concerns, emissions targets and energy security.?From 2004 to 2006, fuel ethanol grew by...

This book turns attention towards the role of environmental services in agricultural landscapes as they provide a living for many poor in developing countries. It is one of the first books to focus on the effects of payment for PES programs on the rural poor.