A Model of Investment under Uncertainty: Modern Irrigation Technology and Emerging Markets in Water
By Janet M. Carey, David Zilberman. 2002
269 citations recorded by the source corpus.
Subfields: Ocean Engineering
View Paper: https://www.semanticscholar.org/paper/da57d012c804afd72e36219df8074dfc1f182ffb
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In Ocean Engineering
Citations in the corpus
- Are There Spatial Spillovers in the Adoption of Clean Technology? The Case of Organic Dairy Farming (2011, background): “Our conception builds on an extensive literature in agricultural economics that was largely spawned by Dixit and Pindyck (1994), drawing from efforts to model technology adoption of perennial crops with yield and price uncertainty (Price and Wetzstein, 1999; Shively, 1999), modern irrigation technol”
- Public subsidies for water‐conserving irrigation investments: Hydrologic, agronomic, and economic assessment (2006, background): “The normative literature is usually based on an engineering approach [Caswell and Zilberman, 1986; Carey and Zilberman, 2002], while the positive models econometrically test hypotheses using actual data on adoption decisions [Caswell and Zilberman, 1985; Dinar and Yaron, 1990; Green et al., 1996].”
- Measuring Economic Impacts of Drought: A Review and Discussion (2011, background): “Previous studies have found that drought significantly increases the adoption of water-conserving irrigation systems and tillage practices ( Carey and Zilberman, 2002”
- Adoption of residential solar power under uncertainty: Implications for renewable energy incentives (2015, background): “The option value model for investment under uncertainty suggests that is that in the context of irreversible (or costly reversible) investments and uncertain future benefits, agents see a value to postponing the investment decision until some uncertainty is at least partially resolved (Dixit and Pin”