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Irrigation water management under risk: An application to Cyprus

Author

Listed:
  • Ben Groom
  • Phoebe Koundouri
  • Celine Nauges

    (University of Toulouse)

  • Alban Thomas

Abstract

We provide empirical evidence that attitude towards risk is important when assessing the impact of conservation policies on production choices. We rst follow the approach used by Antle (1987) which enables exible estimation of the stochastic technology without ad hoc spec- i 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.

Suggested Citation

  • Ben Groom & Phoebe Koundouri & Celine Nauges & Alban Thomas, 2003. "Irrigation water management under risk: An application to Cyprus," DEOS Working Papers 0306, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:0306
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    References listed on IDEAS

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