Communal water storage reservoirs (embungs) that serve many villages in West Timor, Indonesia, by providing water during the prolonged annual dry season are experiencing severe sedimentation problems. Sedimentation of reservoirs progressively reduces their water storage capacity and the benefits...

Due to the asymmetric information problem, inter-temporal water allocation efficiency requires a water allocation institution that allows water right holders to store their allocated water. Capacity sharing has been recommended, but the problem of internal spillage that may arise in a capacity...

Although the solution to a linear programming problem is not necessarily unique, the theoretical and practical implications of multiple optima have not been thoroughly discussed by agricultural economists. Recently there have been calls for greater recognition, resolution and exploitation of...

Single-index models from portfolio theory have previously been adapted for risk efficient farm planning in North America. The potential for using single-index models in farm planning is considered in this paper both theoretically and in the light of two illustrative Australian case studies. It...

Sufficient conditions for dominance of simply related prospects are developed for newly defined classes of limited-variation-in-risk-parameter utility functions. Necessary and sufficient conditions are given for classes of contant-risk-parameter utility functions. The latter include classes of...

The notion of dominance most familiar to agricultural economists is perhaps the decision theoretic concept entailed in comparing one risky prospect to others. But dominance concepts are also relevant in the linear programming context, for example in identifying redundant constraints. In this...