G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Input Use and Capacity Constraint under Uncertainty: The Case of Irrigation.
Pascal Favard; Philippe Bontems
发表日期2002
出处Climate Change and Sustainable Development
出版年2002
语种英语
摘要In this paper we consider a two periods model of cropping using irrigation. The farmer takes two kind of decisions, one related to the level of investment in irrigation capacity and the other one to the irrigation level in each period. In the first period, decisions are taken under uncertainty on the rainfall level which is resolved at the beginning of the second period. Assuming a CARA utility function, we show that taxing the investment may entail an increase in preventive irrigation although the investment decreases. Moreover, in the case of a logistic production function, the total water use is non monotonic with respect to the price of investment. Indeed, taxing capital may induce the farmer to increase the total level of irrigation despite that the irrigation capacity decreases. Surprisingly, the impact of an increase of water price is generally ambiguous even assuming risk neutrality.
特色分类D8,Q15
关键词Irrigation,Investment,Uncertainty and risk aversion
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/input-use-and-capacity-constraint-under-uncertainty-the-case-of-irrigation-/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116784
推荐引用方式
GB/T 7714
Pascal Favard,Philippe Bontems. Input Use and Capacity Constraint under Uncertainty: The Case of Irrigation.. 2002.
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