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Irrigation water management under risk: an application to Cyprus

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. Green open access

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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.ucl.ac.uk/id/eprint/17516
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