Burlig, Fiona; Preonas, Louis; Woerman, Matt - National Bureau of Economic Research - 2021
: we estimate large price elasticities of demand for electricity (-1.17) and groundwater (-1.12). We demonstrate that crop …Groundwater is a key resource for agricultural production globally. Increasingly rapid aquifer drawdowns--as well as … consequences. This paper provides the first large-scale empirical estimates of how farmers respond to changes in groundwater costs …