By Chordia, Sarkar
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Additional resources for An Empirical Analysis Of Stock And Bond Market Liquidity
F. and White, B. (1997) Environmental Economics in Theory and Practice, Macmillan Press Ltd, Basingstoke, UK Janssen, R. and Munda, G. (1999) ‘Multi-criteria methods for quantitative, qualitative and fuzzy evaluation problems’, in J. C. J. M. , Gómez-Limón, J. A. and Arriaza, M. ’, Agricultural Economics, vol 36, no 3, pp405–419 Knickel, K. and Renting, H. (2000) ‘Methodological and conceptual issues in the study of multifunctionality and rural development’, Sociologia Ruralis, vol 40, no 4, pp512–528 Moretto, M.
Whether agri-environmental programmes should substitute or complement traditional commodity programmes has been a subject of debate in recent years. Similarly, whether taking land out of production should dominate spending on other conservation programmes is also an unsettled issue. The recent expansion of bioeconomy adds a new and important flavour to these questions. Part IV of the book consists of four chapters, each of which focuses on a specific topic related to the multifunctionality of the rural space.
Nir Becker compares four pricing strategies – zero prices, maximum revenue price, cost recovery price and price differentiation systems – for two nature reserves in Israel. He observes a trade-off between revenues and efficiency. A differential pricing system would provide minimum dead weight loss (DWL), while generating the required revenues to operate both sites. This system, however, requires visitors to one site to pay for operational costs to the other site. As a result of urban development, farmland in many countries is under pressure.