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The Economics Of Snow Management: An Application Of Game Theory

Author

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  • Snyder, John R.
  • Skold, Melvin D.
  • Willis, Wayne O.

Abstract

The physical potentials of managing snow to obtain additional soil water for the enhancement of plant growth have been demonstrated. The benefits exceed the costs of snow management when averaged over time. The net benefits in any one year may be positive or negative, however, depending in part upon climatic variables. This paper casts the decision of whether or not to practice snow management as a farmer-against-nature game theory model. If farmers are pessimistic about precipitation prospects, snow management is not a profitable practice. When normal or above normal precipitation is expected, snow management is profitable.

Suggested Citation

  • Snyder, John R. & Skold, Melvin D. & Willis, Wayne O., 1979. "The Economics Of Snow Management: An Application Of Game Theory," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-12, December.
    • Handle: RePEc:ags:wjagec:32293
    DOI: 10.22004/ag.econ.32293
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    References listed on IDEAS

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    1. Clifford Hildreth, 1977. "What Do We Know about Agricultural Producers' Behavior under Price and Yield Instability?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(5), pages 898-902.
    2. Hildreth, Clifford, 1977. "What Do We Know About Agricultural Producers' Behavior Under Price And Yield Instability?," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283593, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. repec:ags:agsaem:288652 is not listed on IDEAS
    4. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    5. R. R. Officer & A. N. Halter, 1968. "Utility Analysis in a Practical Setting," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(2), pages 257-277.
    6. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652.
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