@article{Freebairn:124206,
      recid = {124206},
      author = {Freebairn, John W.},
      title = {Risk Aversion and Urban Water Decisions},
      address = {2012-02},
      number = {423-2016-26993},
      pages = {16},
      year = {2012},
      abstract = {Application of the product characteristics model and the  finance portfolio choice model are used to illustrate the  important effects of risk aversion held by decision makers  in making decisions in the urban water markets. Decision  makers face uncertainty about water demand, water inflows  and supply costs, and about government policy. Relative to  risk neutrality assumed in many models, risk aversion  changes decisions about the management of available water  supply infrastructure, and about the form and timing of  supply augmentation options. Recognition of heterogeneity  of buyer preference with respect to risk suggest efficiency  gains from offering a variety of cost-security of supply  characteristic packages to water buyers.},
      url = {http://ageconsearch.umn.edu/record/124206},
      doi = {https://doi.org/10.22004/ag.econ.124206},
}