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We investigate the effect of introducing a fiscally neutral increasing block rate water budget price structure on residential water demand. We estimate that demand was reduced by around 17%, although the reduction was achieved gradually over more than three years. As intermediate steps we derive...
Persistent link: https://www.econbiz.de/10010933553
This paper evaluates competing models of input use for two inputs, surface water and land, in central California agriculture. Applying a model of the multiproduct firm, a variable input model is compared to a fixed input model using model specification tests. Test results support the fixed input...
Persistent link: https://www.econbiz.de/10008537423
This study explores the interaction between climate, water, and agriculture. We test whether surface water withdrawal can help explain the variation of farm values across the United States and whether adding these variables to the standard Ricardian model changes the measured climate sensitivity...
Persistent link: https://www.econbiz.de/10005038479