Feuz, D.M. (author / South Dakota State University), Wagner, J.J. (author / South Dakota State University), and Fausti, S.W. (author / South Dakota State University)
Format:
Research paper
Publication Date:
1992-09
Published:
USA
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 106 Document Number: C09275
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107 Document Number: C10135
Notes:
search from AgEcon., ERI Study Paper 95-13. September 1995 10 pages; Adobe Acrobat PDF 57K bytes, In a two-period model, economists such as K.J. Arrow, A.C. Fisher, and C. Henry, have shown that when development is both indivisible and irreversible, a developer who ignores the possibility of obtaining new information about the outcome of such development will invariably underestimate the benefits of preservation and hence favor development. In this note, I extend the AFH analysis in two directions. I model the land development problem in a dynamic framework, explicitly specifying an information production function. In such a setting, I then ask and answer the question concerning when development should take place. JEL Classification: D82, Q20 Key words: development, dynamic, information, uncertainty
Forthcoming in Journal of Environmental Management
Labonne, Julien (author) and Chase, Robert S. (author)
Format:
Research paper
Publication Date:
2009
Published:
Philippines: Sustainable Development Network, Social Development Department, The World Bank
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 127 Document Number: D11237
Notes:
Via online. Policy Research Working Paper No. 4996. 24 pages., Authors explored the impact of access to information on poor farmers' consumption. Results indicated that farmers purchasing a mobile phone experienced larger growth rate per capita consumption over the 2002-2006 period. Estimates ranged from 11 percent to 17 percent.
