Value of Information on Crop Response Function to Soil Salinity in a Farm-Level Optimization Model, The

Eli Feinerman

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

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 to a single farm framework. The analysis provides a conceptual and methodological framework for investigating the expected value of sample information (DVSI), 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.

Keywords: value of information; loss function; crop-response function; soil salinity; optimization model. (search for similar items in EconPapers)
Date: 1991-05
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:91-wp74

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