Agricultural production with uncertain water supply

摘要: The purpose of this paper is to develop a framework for analysis multioutput agricultural production when the supply water uncertain. Specifically, we assume that farmer operates as if decision process takes place in two stages. In stage one decides how much land allocate each crop. However, he uncertain about during growth period before harvest. second uncertainty revealed adjusts quantities (ex-post) input factors (given allocation first stage). technology assumed be Leontief type. We also extend model case with several seasons where crop cultivated throughout all season while remaining crops are seasonal-specific. empirical extended allow particular version bounded rationality which allowed make optimization error. This implies estimation procedure considerably simplified.