Dutch nutrient policy aims at reducing leaching of agricultural nutrients by internalizing the negative externalities associated with inefficient nutrient use. This is done by taxation of nitrogen and phosphate surpluses that exceed a hectare-based threshold of maximum-allowed surpluses. One management strategy farmers may use to reduce the nutrient surpluses on their farms is to improve the nu...

The current non-linear programming method does not derive regional economic surpluses and may derive an imprecise maximized value of the total economic surplus. The main reason is that the integrals for supply functions will automatically take regional non-economic producer surpluses into account if any intercepts of supply functions is negative. Consequently, the derived values are always lowe...

Mutualisms generate surpluses. Although much of the theoretical literature to date has focused on mechanisms by which cooperation is stabilized so that these surpluses can continue to be produced and enjoyed, we address a second question: how will these surpluses be distributed among the participants? We approach this question from an evolutionary game theory perspective, exploring how the coev...

Equilibrium models imply that the real value of debt in the hands of the public must equal the expected present-value of surpluses. Empirical models of fiscal policy typically do not impose this condition and often do not even include debt. Absence of debt from empirical models can produce non-invertible representations, obscuring the true present-value relation, even if it holds in the data. F...