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Dynamic Water Regulation Under Endogenous Irrigation Investment and Production Uncertainty

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Author Info
Zhang, Jiangfeng
Abstract

We study the problem of regulating California agriculture water use. Regulatory decisions are conditioned on current information as well as the anticipation of future learning. Endogenous learning, either about damages from waterlogging or about abatement costs, affects the optimal control today. These regulations affect farmers' water usage and their incentives to adopt new irrigation technology.

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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20661.

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Date of creation: 2001
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Handle: RePEc:ags:aaea01:20661

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Keywords: Resource /Energy Economics and Policy;

References listed on IDEAS
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  1. Dinar, Ariel & Letey, J. & Knapp, Keith C., 1985. "Economic evaluation of salinity, drainage and non-uniformity of infiltrated irrigation water," Agricultural Water Management, Elsevier, vol. 10(3), pages 221-233, November. [Downloadable!] (restricted)
  2. Hoel, Michael & Karp, Larry S., 1999. "Taxes versus quotas for a stock pollutant," CUDARE Working Paper Series 855, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised 1999.
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  3. Farhed Shah & David Zilberman & Erik Lichtenberg, 1995. "Optimal combination of pollution prevention and abatement policies: The case of agricultural drainage," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(1), pages 29-49, January. [Downloadable!] (restricted)
  4. Hoel, Michael & Karp, Larry S., 1999. "Taxes and quotas for a stock pollutant with multiplicative uncertainty," CUDARE Working Paper Series 870, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised 1999. [Downloadable!]
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  5. Karp, Larry S. & Zhang, Jiangfeng, 1999. "Regulation of stock externalities with learning," CUDARE Working Paper Series 892, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  6. Loehman Edna & Dinar Ariel, 1994. "Cooperative Solution of Local Externality Problems: A Case of Mechanism Design Applied to Irrigation," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 235-256, May. [Downloadable!] (restricted)
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