Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Water management for irrigation requires suitable policy tools able to meet social objectives and private behaviour. The legal framework in the EU is today faced with the new water framework directive (60/2000), that sets up new criteria for water management, regulation and pricing. Among other...

The management of water resources is today one of the main issues in most countries. In Italy, as in many other European countries, irrigation is the main sector using water and hence it is at the centre of the water policy agenda. Water management for irrigation requires suitable policy tools...

This paper identifies information that may be important in determining the benefits ofpreventing toxic water contamination (or equivalently cost of nonaction) when a given toxificationoccurs. It attempts to identify information and behavior issues that need to be considered when weestimate...

The paper discusses the appropriate functional form and estimation technique for a wildlife production function on the farm level. A random effect model was developed to capture the relationship between wildlife output, management practices, natural conditions and non-observed factors that cause...

This paper analyzes efficiency and total factor productivity (TFP) change of large agriculturalenterprises during their transition to a market economy in Ukraine. In this case the efficiencyis calculated by data envelopment analysis and the productivity change is measured by theMalmquist...

Muth's model is adapted to determine the effects of generic advertising on upstream factor markets in a competitive industry where funds for promotion are raised through a feed tax. Optimality conditions indicate that a feed tax is an inferior funding mechanism. That is, the resulting promotion...

Static decision rules are derived to indicate the optimal seasonal allocation of a fixed promotion budget when substitution effects are important and prices are determined under competitive conditions. Optimal allocation decisions are governed by price elasticities of supply and demand,...

Antidumping duties are popular in the United States because under the Byrd Amendment domestic industry gets to keep tariff revenues. However, whether antidumping duties are an effective instrument of protection depends crucially on the tariff's ability to increase demand for the home good. Under...

On the verge of EU accession, Poland’s agricultural sector is characterised by anumber of distinct structural weaknesses, which are a major reason for the unsatisfactoryincome situation of rural households. Among these weaknesses are thatfarm productivity is substantially below EU standards,...