eprintid: 19151
rev_number: 24
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/01/91/51
datestamp: 2016-04-26 14:03:46
lastmod: 2024-04-18 11:54:24
status_changed: 2024-04-18 11:54:24
type: article
metadata_visibility: show
creators_name: Nauges, Céline
creators_name: Wheeler, Sarah Ann
creators_name: Zuo, Alec
creators_idrefppn: 17222778X
creators_affiliation: Toulouse School of Economics (France) ; University of Queensland (Australia)
creators_affiliation: 
creators_affiliation: 
title: Elicitation of irrigators’ risk preferences from observed behaviour
ispublished: pub
subjects: subjects_ECO
abstract: Water trading in the Murray–Darling Basin of Australia has developed to the point where it is a common adaptation tool used by irrigators, making it an apt case study to elicit the marginal value of irrigation water and irrigators' risk preferences in two key industries with differing levels of water dependence. Our data come from large-scale and representative surveys of irrigated broadacre and horticultural farms in the Murray–Darling Basin over a 6-year period. The marginal contribution of irrigation water to profit is estimated at $547 and $61/ML on average in horticulture and broadacre, respectively. Horticultural irrigators are found to be averse to the risk of large losses (downside risk) while broadacre irrigators are averse to the variability (variance) of profit.
date: 2016-07
date_type: published
publisher: Blackwell
id_number: 10.1111/1467-8489.12134
official_url: http://tse-fr.eu/pub/29955
faculty: tse
divisions: tse
language: en
has_fulltext: FALSE
doi: 10.1111/1467-8489.12134
view_date_year: 2016
full_text_status: none
publication: Australian Journal of Agricultural and Resource Economics
volume: 60
number: 3
pagerange: 442-458
refereed: TRUE
issn: 1364-985X
oai_identifier: oai:tse-fr.eu:29955
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site: ut1
citation:   Nauges, Céline <https://www.idref.fr/17222778X>, Wheeler, Sarah Ann and Zuo, Alec  (2016) Elicitation of irrigators’ risk preferences from observed behaviour.    Australian Journal of Agricultural and Resource Economics, 60 (3).  pp. 442-458.