This study identifies the presence of slippage and the pitfalls associated with not considering economic substitution and expansion effects in measuring changes in water demand. Based on estimates from the Georgia Flint River Basin, the analysis indicates a 13% slippage caused by disregarding...

Future agricultural water demands are determined by employing forecasts from irrigated crop acreage models. Forecasts of prices and yields, and variances and covariances of crop returns are employed for forecasting crop acreage. Results provide insights into the value of rational expectations in...

Policy makers should consider price volatility effects when determining appropriate spending levels for alternative fuel programs.

The objective of the research presented in this paper is the development of a stochastic adoption threshold. The option pricing approach for modeling investment under uncertainty is extended for the case of comparing two stochastic input prices associated with inputs that are perfect substitutes...

The objective of the research presented in this paper is the development of a stochastic adoption threshold. The option pricing Approach for modeling investment under uncertainty is extended for the case of comparing two stochastic input prices associated with inputs that are perfect substitutes...

Copy on AgEcon Search replaced with a revised copy 2/14/06.

A cost minimization model was used to find the minimum cost and environmental friendly management practices(MCEFMP). Use of MCEFMP in cattle production seems to be the most cost effective means of reducing water pollution with a marginal cost of $1200 in comparison to use of MCEFMP on other...

Replaced with revised version of paper 10/23/07.