Irrigation, risk aversion, and water right priority under water supply uncertainty
نویسندگان
چکیده
منابع مشابه
Irrigation, risk aversion, and water right priority under water supply uncertainty
This paper explores the impacts of a water right's allocative priority-as an indicator of farmers' risk-bearing ability-on land irrigation under water supply uncertainty. We develop and use an economic model to simulate farmers' land irrigation decision and associated economic returns in eastern Idaho. Results indicate that the optimal acreage of land irrigated increases with water right priori...
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A monopolist typically defers entry into an industry as both price uncertainty and the level of relative risk aversion increase. The former attribute may be present in most deregulated industries, while the latter may be relevant for reasons of market incompleteness or the presence of technical uncertainty. By contrast, it has been shown that the presence of a rival hastens entry under risk neu...
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In this paper we provide empirical evidence that attitudes towards risk are important when assessing the impact of conservation policies on production choices. In the case of an irrigation water quota, deriving water demand responses from a multi-input farmer decision model under risk has to account for unobserved risk attitudes. We first follow the approach of Antle (1987) based on higher-orde...
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ژورنال
عنوان ژورنال: Water Resources Research
سال: 2017
ISSN: 0043-1397
DOI: 10.1002/2016wr019779