THE VALUE OF SOIL WATER AND WEATHER/INFORMATION IN INCREASING IRRIGATION EFFICIENCY

Darrell Bosch and Vernon Eidman

No 278642, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Different levels of soil water and weather information are compared to a situation of very limited information. Generalized stochastic dominance is used to generate a value for each level of information for decisionmakers whose coefficients of absolute risk aversion fall within predetermined bounds. Information is found to have a positive value which is subject to diminishing returns and which varies by level of risk aversion.

Keywords: Environmental Economics and Policy; Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 24
Date: 1985-08
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Citations: View citations in EconPapers (1)

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Working Paper: THE VALUE OF SOIL WATER AND WEATHER INFORMATION IN INCREASING IRRIGATION EFFICIENCY (1985)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278642

DOI: 10.22004/ag.econ.278642

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