Using a squential logit model and a mixed-effects logistic regression approach this empirical study investigates factors for the adoption of automatic milking technology (AMS) at the farm level accounting for problems of sequential sample selection and behaviour identification. The results...

This paper examines the impact of transgenic technology adoption on varietal diversity. Transgenic pest-resistant varieties are hypothesized to reduce farmers’ demand for on-farm diversity through an act of substitution, as both serve as production risk reducing instruments. This adverse...

Major externality cases are random accidents which are not adequately addressed by the deterministic environmental policy literature -­‐ that of Pigouvian taxes, abatement subsidies and cap-­‐and-­‐trade. We consider a risk-­‐neutral industry where firms control the probability and...

This paper quantitatively analyses the cost-effectiveness of alternative green payment policies designed to achieve a targeted level of pollution control by heterogeneous micro units. These green payment policies include cost-share subsidies that share the fixed costs of adoption of a...

Major externality cases are random accidents which are not adequately addressed by the deterministic environmental policy literature -­‐ that of Pigouvian taxes, abatement subsidies and cap-­‐and-­‐trade. We consider a risk-­‐neutral industry where firms control the probability...