Although water portfolios have been proposed as a solution to water management under risk and uncertainty, the optimal mix of natural and manufactured sources of water remains largely unexplored. We develop a dynamic portfolio model of urban water supply that hedges against the supply risks from...

Questions relating to the allocation and management of risk have played a central role in the development of the National Water Initiative, particularly as it has applied to the Murray-Darling Basin. The central issues of efficiency and equity in allocations are best understood by considering...

Replaced with revised version of paper 06/18/08. Former title: Non-Linearity in Belief and Environmental Risk Dynamics

This paper examines the optimal location of a competitive firm in response to environmental costs imposed by the abatement investment and taxes when the cost of the environmental regulation varies spatially under uncertainty. It contributes to the literature by incorporating the spatial setting...

Social Appraisal of Agricultural Projects

This study focuses on development of agricultural best management practices (BMPs) for potato production areas in Northeast Florida, and presents the results of the initial situation assessment. BMP implementation is the primary strategy used by agencies and farmers to improve the efficiency and...

The research addresses the economic problem of deforestation. A contributing factor to deforestation is coffee production. Coffee is an indigenous plant that is naturally occurring in the native tropical forests. However, conventional coffee is grown on cleared forest soil. In the native forest...

The objective of this study was to examine the economic benefits associated with precision fungicide application system for Florida strawberry production. Given the weather and disease forecast system developed by the University of Florida researchers (Peres, 2010a , strawberry growers can...