This paper analyzes the effect of water supply uncertainty on farmers' choice of crop portfolio. The paper presents an innovative model to estimate the value of uncertainty of water supply, and then tests the model using data from Israel. The modeling results provide support to the hypothesis...

We use an empirical estimation procedure to examine the effect of macroeconomic variables of Israel's trading partners on the country's exports. The main goal of our study is to use the estimation results to point to the optimal trade policy for Israel, and compare it with the current policy.