Soil Conservation Management Systems Under Uncertainty
Parveen P. Setia and
Gary V. Johnson
Review of Agricultural Economics, 1988, vol. 10, issue 1, 111-124
Abstract:
Success of a soil conservation program depends on the number of acres on which recommended practices are implemented. If risk considerations are introduced in formulating plans to control soil loss, whether individuals will implement the desired management system(s) to achieve conservation objectives established for the region is an unclear factor. This paper illustrates how expected utility maximization and safety-first decision criteria influence the selection of a soil conservation management system under uncertainty.
Date: 1988
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