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Ricardian (hedonic) analyses of the impact of climate change on farmland values typically assume additively separable effects of temperature and precipitation. Model estimation is implemented on data aggregated across counties or large regions. We investigate the potential bias induced by such...
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The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk … covering the production risk through adequate financial resources. The classification of the Selyaninov index value as measure … of the production risk based on the MaxEnt model utilization makes it possible to evaluate the production risk and the …
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