Agricultural Flood Damage Assessment: A Review and Investigation of a Simulation Method

G.T. McDonald

Review of Marketing and Agricultural Economics, 1970, vol. 38, issue 03, 16

Abstract: This paper reviews current methods of estimating agricultural flood damage and proposes a model which is flexible for use in resource allocation problems and is amenable to computer application. The inherent variability of the damage process itself suggests the use of probability measures, and to demonstrate the use of the assessment model, range estimates sampled under rectangular probability assumptions are used to simulate variability. While the problem of unreliable basic data remains, it can be explicitly recognized by variance estimates.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1970
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ageconsearch.umn.edu/record/9567/files/38030105.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:9567

DOI: 10.22004/ag.econ.9567

Access Statistics for this article

More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().