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Library Technology Adoption under Production Uncertainty: Theory and Application to Irrigation Technology

Technology Adoption under Production Uncertainty: Theory and Application to Irrigation Technology

Technology Adoption under Production Uncertainty: Theory and Application to Irrigation Technology

Resource information

Date of publication
декабря 2006
Resource Language
ISBN / Resource ID
AGRIS:US201301088792
Pages
657-670

We propose a theoretical framework to analyze the conditions under which a farmer facing production uncertainty (due to a possible water shortage) and incomplete information will adopt a more efficient irrigation technology. A reduced form of this model is empirically estimated using a sample of 265 farms located in Crete, Greece. The empirical results suggest that farmers choose to adopt the new technology in order to hedge against production risk. In addition, we show that the farmer's human capital also plays a significant role in the decision to adopt modern, more efficient irrigation equipment.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Koundouri, Phoebe
Nauges, Céline
Tzouvelekas, Vangelis

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Data Provider
Geographical focus