TY - JOUR
T1 - Value of information on crop response function to soil salinity in a farm-level optimization model
AU - Feinerman, Eli
PY - 1994/5
Y1 - 1994/5
N2 - The study investigates the value of additional information on the response function to soil salinity of a given crop (potatoes), with regard to a stochastic long-run optimization model for utilization of saline water in a single-farm framework. The analysis provides a conceptual and methodological framework for investigating the expected value of sample information (evsi), as well as an efficient tool for empirical application. Although a few approximations have been used, the results provide an estimate of evsi and indicate the need for additional information.
AB - The study investigates the value of additional information on the response function to soil salinity of a given crop (potatoes), with regard to a stochastic long-run optimization model for utilization of saline water in a single-farm framework. The analysis provides a conceptual and methodological framework for investigating the expected value of sample information (evsi), as well as an efficient tool for empirical application. Although a few approximations have been used, the results provide an estimate of evsi and indicate the need for additional information.
UR - http://www.scopus.com/inward/record.url?scp=0028005939&partnerID=8YFLogxK
U2 - 10.1016/0169-5150(94)90025-6
DO - 10.1016/0169-5150(94)90025-6
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AN - SCOPUS:0028005939
SN - 0169-5150
VL - 10
SP - 233
EP - 243
JO - Agricultural Economics (United Kingdom)
JF - Agricultural Economics (United Kingdom)
IS - 3
ER -