This paper presents results from a survey aimed at analyzing farmers willingness to invest in agroforestry near the Calakmul Biosphere Reserve in the state of Campeche in Southeastern Mexico. One hundred seventy-five farmers were interviewed from January through March of 1998. The survey included questions pertaining to levels of human capital investment made by individual farmers. The objectiv...

This paper analyses how different management schemes influence the exploitation and economics of a wildlife population--the moose (Alces alces)--that is both a value (harvesting income) and a pest (forestry damage). Two regimes are explored; the unified management scheme where the wildlife manager aims to find harvesting quotas that maximise the overall benefit of the moose population, and the ...

It is well documented that losses are less persistent than profits and that stock prices anticipate the lower persistence of losses. Yet the underlying explanation for these results is unclear. One explanation lies in the abandonment option, whereby firms with losses are more likely to curtail operations (e.g., Hayn 1995). Another explanation involves timely loss recognition stemming from conse...

A. Addendum to Lemma 1: There are two cases depending on whether one of the firms dominates the market. The case where no firm dominates the market is described in Lemma 1. The following table states the equilibrium prices and profits when one of the firms dominates the market. We describe the equilibrium only when Firm 1 dominates the market for (T, T),(CU, CU) and (CM, CM) as the results are ...

In 2008 security forces in Colombia found that one of the companies hired to repair electric transmission towers from guerrilla attacks had hired guerrilla members to demolish towers in their contracted area of service. As a result, their business boomed as they were called often to repair electric towers. We model this problem as a game between contractors and the power transmission company, w...

It is widely believed that the rate of profit across industrial sectors, while not in fact uniform as stipulated in the theory of prices of production, is independent of the sectoral organic composition of capital. It follows that the simple labour theory of value must be systematically in error as a predictor of actual sectoral aggregate prices. We offer empirical evidence from the US economy ...

This study examined the use of soil and water conservation (SWC) practices among rice farmers in Iran. A random sample of 400 rice paddy farmers in the Foumanat plain of Guilan province, who use SWC measures, was drawn from a population of 52 thousand farmers. A two-part questionnaire was used to examine the level of utilization of SWC practices and to profile paddy farmers. Internal consistenc...

We examine the concept of firms sacrificing profits in the social interest within the environmental realm, with particular focus on the case of the United States by addressing four key questions. May they do so within the scope of their fiduciary responsibilities to their shareholders? Can they do so on a sustainable basis, or will the forces of a competitive marketplace render such efforts and...

In many markets, such as education, health care and public utilities, firms are often profit-constrained either due to regulation or because they have non-profit status. At the same time such firms might have altruistic concerns towards consumers. In this paper we study semi-altruistic firms’ incentives to invest in quality and cost-reducing effort when facing constraints on the distribution of...