Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/134129
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dc.contributor.author | Adamson, D. | - |
dc.contributor.author | Loch, A. | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Land Economics: a quarterly journal devoted to the study of economic and social institutions, 2021; 97(3):655-671 | - |
dc.identifier.issn | 0023-7639 | - |
dc.identifier.issn | 1543-8325 | - |
dc.identifier.uri | https://hdl.handle.net/2440/134129 | - |
dc.description.abstract | Long-run investments in water-use efficiency (WUE) are risky, particularly where water is required as a secure input. State-of-nature representations of supply outcomes provide an increased understanding of the vulnerability of capital and water users to adverse events. Using Californian data, we couple cost-benefit analysis to a state-contingent analysis approach to explore the riskiness of WUE investment payoffs and cash-flow outcomes when frequencies of states of nature change over the investment course. Critically, this allows us to represent decision-maker adaptation in the face of risk and uncertainty and the role of subsidy policy in those decisions. | - |
dc.description.statementofresponsibility | David Adamson, Adam Loch | - |
dc.language.iso | en | - |
dc.publisher | University of Wisconsin Press | - |
dc.rights | © 2021 by the Board of Regents of the University of Wisconsin System. This open access article is distributed under the terms of the CC-BY-NC-ND license http://creativecommons.org/licenses/by-nc-nd/4.0) and is freely available online at: http://le.uwpress.org. | - |
dc.source.uri | http://dx.doi.org/10.3368/wple.97.3.100119-0143r | - |
dc.title | Incorporating uncertainty in the economic evaluation of capital investments for water use efficiency improvements | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.3368/wple.97.3.100119-0143r | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/DE160100213 | - |
dc.relation.grant | http://purl.org/au-research/grants/arc/DE150100328 | - |
pubs.publication-status | Published | - |
dc.identifier.orcid | Adamson, D. [0000-0003-1616-968X] | - |
dc.identifier.orcid | Loch, A. [0000-0002-1436-8768] | - |
Appears in Collections: | Global Food Studies publications |
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File | Description | Size | Format | |
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hdl_134129.pdf | Published version | 692.1 kB | Adobe PDF | View/Open |
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