Agricultural producers make investment decisions based on beliefs about future returns. This article investigates how changes in beliefs about input availability affects the adoption of conservation practices. We develop a theoretical model to examine how a producer's beliefs about water...

Global climate change is already impacting water resources and, in many areas, reducing the amount of water available for drinking, sanitation, and agriculture. Water conservation can be a means to mitigate the economic damages associated with water scarcity, including scarcity arising from...