Value of information on crop response function to soil salinity in a farm‐level optimization model

Eli Feinerman

Agricultural Economics, 1994, vol. 10, issue 3, 233-243

Abstract: The study investigates the value of additional information on the response function to soil salinity of a given crop (potatoes), with regard to a stochastic long‐run optimization model for utilization of saline water in a single‐farm framework. The analysis provides a conceptual and methodological framework for investigating the expected value of sample information (evsi), as well as an efficient tool for empirical application. Although a few approximations have been used, the results provide an estimate of evsi and indicate the need for additional information.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:bla:agecon:v:10:y:1994:i:3:p:233-243

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