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Dynamic Water Regulation Under Endogenous Irrigation Investment and Production Uncertainty

Jiangfeng Zhang

No 20661, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We study the problem of regulating California agriculture water use. Regulatory decisions are conditioned on current information as well as the anticipation of future learning. Endogenous learning, either about damages from waterlogging or about abatement costs, affects the optimal control today. These regulations affect farmers' water usage and their incentives to adopt new irrigation technology.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 17
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20661

DOI: 10.22004/ag.econ.20661

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