IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v80y1998i2p409-418.html
   My bibliography  Save this article

Option Values to Conservation and Agricultural Price Policy: Application to Terrace Construction in Kenya

Author

Listed:
  • Alex Winter-Nelson
  • Koffi Amegbeto

Abstract

Policy reforms to liberalize agricultural markets in developing countries are likely to influence both the level and the variability of prices. While considerable attention has been given to the impact of changes in price level on soil and water conservation, there has been relatively little analysis of the role of price variability in conservation decisions. We present a model of investment under uncertainty to analyze the effect of both level and variability of prices on the decision to invest in conservation. The model is applied to adoption of fanya juu terraces in eastern Kenya. Copyright 1998, Oxford University Press.

Suggested Citation

  • Alex Winter-Nelson & Koffi Amegbeto, 1998. "Option Values to Conservation and Agricultural Price Policy: Application to Terrace Construction in Kenya," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 409-418.
  • Handle: RePEc:oup:ajagec:v:80:y:1998:i:2:p:409-418
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1244512
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:80:y:1998:i:2:p:409-418. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.