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dc.contributor.authorSoto Arriagada, Leopoldo E.en_US
dc.description.abstractI use a Mixed Logit model and the most detailed agricultural data publicly available to show how farmers employ land allocation as an adaptation mechanism in the face of a changing environment. The driving forces behind the farmer's land-use choice are differences between the crops available for cultivation as well as the soil, climate, and observable and unobservable (to the econometrician) characteristics of the farm. I present a measure of the effects of climate change on agricultural land value based on a structural model of farmer behavior and a mix of data at the plot, county, state and national levels. Results from most previous research are based on county-level data. The improved resolution of the data used in this paper allows us to test the validity of assumptions made in earlier work. Moreover, results show that substitution across crops depends directly on differences in climate for each plot.en_US
dc.publisherClaremont McKenna College, Department of Economics Claremont, CAen_US
dc.relation.ispartofseriesWorking paper series // Claremont Institute for Economic Policy Studies 2005-09en_US
dc.subject.keywordClimate Changeen_US
dc.subject.keywordAdaptation Costsen_US
dc.subject.keywordLand Rentsen_US
dc.subject.keywordMixed Logiten_US
dc.titleOptimal crop choice: farmer adaptation to climate changeen_US
dc.typeWorking Paperen_US
Appears in Collections:Claremont Colleges Working Papers in Economics, Department of Economics, Claremont McKenna College

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