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2010 AAEA Presidential Address; forthcoming in January 2011 AJAE in shortened version.
Persistent link: https://www.econbiz.de/10009020267
Many rural landowners within the Western United States do not have access to a secure water supply provided by a major … dam or an irrigation district. Such water users must rely instead on groundwater pumping and/or seasonal water flows from … secure their spring/summer water needs. However, regulatory agencies have increased restrictions on surface water storage and …
Persistent link: https://www.econbiz.de/10009020452
Persistent link: https://www.econbiz.de/10011068878
A meta-analysis of reported water demand elasticities shows that publication selection bias results in water demand …. A random effects estimator is used to derive water demand elasticity estimates that are efficient and unbiased by … elasticity estimate drops to -.08%. Indoor water demand is almost perfectly inelastic. Water demands and their elasticities are …
Persistent link: https://www.econbiz.de/10011069006
Approximately 75% of all water used by humans goes towards food production, much of which is traded internationally … trade theory and new data on the productivity by which countries use water for crop agriculture. The strength of the model … for products that use water intensively. In one application of the model, international trade in final products is shown …
Persistent link: https://www.econbiz.de/10010916721
We develop a stochastic-dynamic model of technology adoption that imposes fewer restrictions on behavior than do previous studies of similar decision problems. Like these previous studies, our model is forward-looking and can be used to demonstrate the additional "hurdle rate" that must be met...
Persistent link: https://www.econbiz.de/10005476936
This study extends and refines a previous model and provides estimates of the economic value of water shortages from … irrigation technology use, water source substitution, and other mitigation strategies used by farmers to deal with water … in deriving the marginal value of irrigation water for reference drought years. Results show that South Texas farmers …
Persistent link: https://www.econbiz.de/10005327337