Sustaining natural resource stocks especially those underpinning the capacity to produce food is key to most definitions of sustainable development. Yet troubling evidence has surfaced of instances where the rural poor were forced to sacrifice long-term sustainability for the sake of near-term...

This paper adopts a real options framework to evaluate the cost-effectiveness of four types of subsidies that aim to encourage a socially desirable land use under return uncertainties and costly reversibility of land use change. We first present a land conversion model to show how the subsidies...

This paper introduces a spatial bioeconomic model for study of potential cellulosic biomass supply at regional scale. By modeling the profitability of alternative crop production practices, it captures the opportunity cost of replacing current crops by cellulosic biomass crops. The model draws...