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A method for assessing the importance of farm level capital investment decisions in the analysis of water reforms

Letcher, R


Traditional approaches to estimating the potential benefits of water reform, including the introduction of water markets, have relied on short-run models which assume irrigation capital is either fixed or not a constraint on decision making. Other studies have incorporated a long-run decision framework, accounting for capital investment decisions but generally keeping short-run decisions relatively simple. This paper presents firstly an approach to modelling both long and short-run decision...[Show more]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper


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