Economia da terra

Cotton farmers in the Piedmont region incorrectly believe conservation systems with winter cover crop and no-till cultivation yield less than conventional systems. We model the effect of organic matter on productivity and show how ignoring this effect causes returns to be underestimated. Farmers with imperfect information underinvest in residue management.

This paper examines the economics of urban expansion onto rural land in light of the sustainable management requirements of New Zealand's Resource Management Act.

The Resource Management Act 1991 sets new standards for environmental regulations in New Zealand. The emphasis of the legislation is on property rights and market solutions. This paper is concerned with the limits to market solutions in the presence of externalities and potentially high transaction costs.

In contrast to literature which focuses on the how collective action problems inhibit the supply of efficient institutions, this paper uses dynamic stochastic general equilibrium methods to study the demand for institutional innovation.