Sources of uncertainty in economic analyses of management strategies for controlling groundwater contamination.

W. O. Spofford, A. J. Krupnick, Eric F. Wood

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

This paper addresses two questions: a) Is it possible to analyze the uncertainties in the outputs of economic analyses used to rank alternative management strategies? b) Is it possible to reduce these uncertainties enough to provide reliable guidance for management decisions? Approaches to analyzing the uncertainties in outputs of economic analyses are discussed. Sources of uncertainty in economic analyses are identified. Prospects for reducing the uncertainties enough to provide reliable guidance for management decisions are assessed. -after Authors

Original languageEnglish (US)
Pages (from-to)1234-1239
Number of pages6
JournalAmerican Journal of Agricultural Economics
Volume68
Issue number5
StatePublished - Jan 1 1987

All Science Journal Classification (ASJC) codes

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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