Showing 1 - 10 of 14
Most, if not all, production technologies are stochastic. This article demonstrates how data envelopment analysis (DEA) methods can be adapted to accommodate stochastic elements in a state-contingent setting. Specifically, we show how observations on a random input, not under the control of the...
Persistent link: https://www.econbiz.de/10010888127
It is likely that climate change will be associated with reductions in inflows of water to the Murray–Darling Basin. In this study, we analyse the effects of climate change in the Murray–Darling Basin using a simulation model that incorporates a state-contingent representation of...
Persistent link: https://www.econbiz.de/10010910134
Effective climate policy requires global emissions of greenhouse gases to be cut substantially, which can be achieved by energy supply technologies with lower emissions, greater energy use efficiency and substitution in demand. For policy to be efficient requires at least fairly uniform, fairly...
Persistent link: https://www.econbiz.de/10005203109
Management of the Murray-Darling river system involves a large number of users with imprecisely defined rights, and an aggregate rate of resource use that is environmentally unsustainable. One possible policy response is to make formal or informal contracts with users, under which users receive...
Persistent link: https://www.econbiz.de/10005203113
The supply of water for irrigation is subject to climatic and policy uncertainty. The object of the present paper is to show how the linear and non-linear programming models commonly used in modelling problems such as those arising in the Murray-Darling Basin may be adapted to incorporate a...
Persistent link: https://www.econbiz.de/10005203128
The standard approach to modelling production under uncertainty has relied on the concept of the stochastic production function. In the present paper, it is argued that a state-contingent production model is more flexible and realistic. The model is applied to the problem of drought policy....
Persistent link: https://www.econbiz.de/10005203130
It is likely that climate change will be associated with reductions in inflows of water to the Murray-Darling Basin. In this study, we analyse the effects of climate change in the Murray-Darling Basin using a simulation model that incorporates a state-contingent representation of uncertainty....
Persistent link: https://www.econbiz.de/10005023844
Persistent link: https://www.econbiz.de/10010542764
Persistent link: https://www.econbiz.de/10009210440
Persistent link: https://www.econbiz.de/10010642160