Groom, B.;
Koundouri, P.;
Nauges, C.;
Thomas, A.;
(2003)
Irrigation water management under risk: an application to Cyprus.
(CSERGE Publications
).
Centre for Social and Economic Research on the Global Environment (CSERGE): London, UK.
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Abstract
We provide empirical evidence that attitude towards risk is important when assessing the impact of conservation policies on production choices. We �first follow the approach used by Antle (1987) which enables �flexible estimation of the stochastic technology without ad hoc specifi�cation of risk preferences. In a second step, the impact of water quotas on farmer decisions can be solved, using risk aversion and technology parameter estimates. Application is made on a farm-level data-set from the agricultural region of Kiti in Cyprus.
| Type: | Working / discussion paper |
|---|---|
| Title: | Irrigation water management under risk: an application to Cyprus |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.cserge.ucl.ac.uk/publications.html |
| Language: | English |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/17516 |
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