
Contents
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1.1 Introduction 1.1 Introduction
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1.2 Empirical Setting 1.2 Empirical Setting
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1.2.1 US Drainage History 1.2.1 US Drainage History
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1.2.2 Classifying Drained Land 1.2.2 Classifying Drained Land
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1.2.3 Public and Private Benefits and Costs 1.2.3 Public and Private Benefits and Costs
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1.2.4 Trial and Error 1.2.4 Trial and Error
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1.3 Data and Empirical Strategy 1.3 Data and Empirical Strategy
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1.4 Results 1.4 Results
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1.5 Lessons for Future Adaptation 1.5 Lessons for Future Adaptation
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1.6 Conclusion 1.6 Conclusion
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References References
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1 The Economics of Climatic Adaptation: Agricultural Drainage in the United States
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Published:December 2023
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Abstract
Agricultural adaptation to climate change will involve water as a key input. In water-scarce areas, the marginal product of water is high and investments are made in irrigation. In water-abundant areas, the marginal product of water can be negative, especially at certain times of the year. In this chapter we examine agricultural drainage as adaptation to excess water, which occurs in many areas of the eastern United States. We take a historical perspective in examining the economic factors behind the emergence of drainage and then discuss its potential role in climate adaptation. Although shifting growing regions and increased precipitation in the eastern US are already leading to the northern expansion of drainage, economic analysis has largely ignored this important issue.
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