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ON EVENT UNCERTAINTY AND RENEWABLE RESOURCE MANAGEMENT; Proceedings of the 4th Minnesota Padova Conference on Food, Agriculture, and the Environment, September 4-10, 1994, Wayzata,...
Tsur, Yacov; Zemel, Amos - Department of Applied Economics, College of … - 1995
Persistent link: https://www.econbiz.de/10005801273
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ASYMMETRIC INFORMATION AND THE PRICING OF NATURAL RESOURCES: THE CASE OF UNMETERED WATER; Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June...
Smith, Rodney B.W.; Tsur, Yacov - Department of Applied Economics, College of … - 1996
This paper uses mechanism design theory to (i) propose a mechanism to price irrigation water when farmers are heterogeneous in their production technologies (adverse selection) and their individual water uses are unobserved (moral hazard) and (ii) discusses briefly when such a mechanism might be...
Persistent link: https://www.econbiz.de/10005801258