Economic and environmental assessment of irrigation water policies: A bioeconomic simulation study
We model optimal agricultural management strategies under different water policies. The bioeconomic model is applied to potato production in Western Switzerland. The farmer's certainty equivalent is optimized by the use of a genetic algorithm. The currently applied water policy gives incentives to irrigate very intensively. A water quota reduces irrigation without reducing the certainty equivalent.
irrigation water policy bioeconomic modeling genetic algorithm biophysical model environmental economics