Presentation
Adapting to Climate Change Through Tile Drainage: A Structural Ricardian Analysis
Economics Presentations, Posters and Proceedings
Document Type
Conference Proceeding
Disciplines
Publication Version
Published Version
Publication Date
1-1-2016
Conference Title
2016 Agricultural & Applied Economics Association Annual Meeting
Conference Date
July 31-August 2, 2016
Geolocation
(42.3600825, -71.05888010000001)
Abstract
This paper provides the first estimates of the effects of climate change on agriculture while explicitly modeling tile drainage. We show in a simple conceptual model that the value of precipitation should differ between drained and non-drained land, implying that pooling these lands could bias estimates of the effects of climate change on land values. We test this hypothesis by estimating a Structural Ricardian model for U.S. counties east of the 100th meridian. Consistent with our theoretical model, our estimates show that the value of precipitation is higher on non-drained lands.
Rights
Copyright 2016 by Meyer and Keiser. All rights reserved. Readers may make verbatim copies of this document
for non-commercial purposes by any means, provided this copyright notice appears on all such copies.
Copyright Owner
Meyer and Keiser
Copyright Date
2016
Language
en
File Format
application/pdf
Citation Information
Kevin Meyer and David A. Keiser. "Adapting to Climate Change Through Tile Drainage: A Structural Ricardian Analysis" Boston, MA, United States(2016) Available at: http://works.bepress.com/david_keiser/8/
This is a Selected Paper for presentation at the 2016 Agricultural & Applied Economics Association Annual Meeting, Boston, Massachusetts, July 31-August 2.