Huang, Wen-Yuan; Heifner, Richard; Taylor, Harold; Uri, Noel - In: Water Resources Management 14 (2000) 1, pp. 35-58
The advantage of using insurance to help a farmeradopt a best nitrogen management plan (BNMP) thatreduces the impact of agricultural production on theenvironment is analytically and empiricallydemonstrated. Using an expected value analysis, it isshown that an insurance program can be structured...