Tareen, Irfan Y.; Gunter, Lewell F.; Bramblett, Jimmy; … - Agricultural and Applied Economics Association - AAEA - 2002
This study identifies the presence of slippage and the pitfalls associated with not considering economic substitution and expansion effects in measuring changes in water demand. Based on estimates from the Georgia Flint River Basin, the analysis indicates a 13% slippage caused by disregarding...