A generalisation of previous household models is developed to include production, consumption, storage, labour and land allocation decisions under price, yield, storage and investment risks. Implications drawn from this model include, that consumption can be a hedge against price risk and that...

The potential supply of water quality mitigation actions from diffuse sources is difficult to assess, although important for designing policies to encourage such actions. In this paper the design and results of a Choice Modelling(CM) valuation to assess the potential supply of rural mitigation...

Evaluating land use change in economic frameworks often requires non-market values to be assessed. However non-market valuation experiments can be sensitive to the way the trade offs are framed. The aim of the research reported in this paper was to examine the influence of varying the valuation...

Considerations of equity are important components of sustainable development criteria, but remain difficult to incorporate in economic analysis. Various non-market environmental valuation techniques have been developed and refined to incorporate environmental factors into economic valuation but...

Using an expected mean-variance model the changes in farm enterprise levels and indirect utility were examined under conditions of risk aversion, budget constraints and gross margin variance. An extension of the comparative statics of the expected mean-variance model was adopted by introducing a...

Following the reforms of doi moi, household farms in Vietnam are being affected by policies which are implementing land, financial and trade reforms. The nature of agriculture in Vietnam is such that household farms operate within and are constrained by the activities of their location within a...