Analysis of Alternative Procedures for the Evaluation of Agricultural Flood Control Benefits. Volume II.
Abstract
The report is devoted to evaluating alternative methodologies to the frequency-damage procedure for estimating agricultural crop flood control benefits. An extension of the Economic Research Service Regional Linear Programming model to the case of project analysis has been made. The RLP model operates in the same way as a basin wide firm and estimates the change in production costs (out of pocket cost) as flood protection (and drainage) measures are provided. Efficiency benefits are equal to decreases in production costs, since output is held constant. Critical assumptions and several major empirical problems encountered during the study are discussed. Finally, a synopsis of the utility of the land value approach, the regional linear programming approach and the frequency-damage approach is made. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1971
- Accession Number
- AD0727704
Entities
People
- Daniel Piper
- Robert Boxley
- Roger Strohbehn
Organizations
- Economic Research Service