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...

We consider firms combining variable inputs and heterogeneous capital goods. Input use may cause simultaneous flow and stock externalities (e.g., air pollution/ climate change). Regulatory bodies typically develop separate policies for each externality but do not recognize that many...

Soil is usually considered as a renewable resource for dynamic crop and production management decision problems. For peatland, however, soil should be regarded as an exhaustible resource. This paper determines the optimal utilization of peatland for agricultural production within a dynamic...

This article develops a theoretical framework to examine the relationship between land tenure arrangements and households' investment in soil-improving and conservation measures. It then analyzes this relationship with a multivariate probit model based on detailed plot-level data from villages...

This paper presents a theoretical model to find the optimal selective-logging regime of a size-distributed forest. The law of motion of the economic model is governed by a partial differential equation that describes the evolution of the forest stock over time. To find the solution of the...