Record Details
Price elasticity reconsidered: Panel estimation of an agricultural water demand function
University of Nebraska - Lincoln Digital Commons
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| Field | Value | |
| Title |
Price elasticity reconsidered: Panel estimation of an agricultural water demand function
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| Creator |
Schoengold, Karina
Sunding, David L. Moreno, Georgina |
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| Description |
Using panel data from a period of water rate reform, this paper estimates the price elasticity of irrigation water demand. Price elasticity is decomposed into the direct effect of water management and the indirect effect of water price on choice of output and irrigation technology. The model is estimated using an instrumental variables strategy to account for the endogeneity of technology and output choices in the water demand equation. Estimation results indicate that the price elasticity of...
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| Date |
2006-09-19
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| Type |
text
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| Format |
application/pdf
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| Identifier |
http://digitalcommons.unl.edu/natrespapers/27
http://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1027&context=natrespapers |
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| Source |
Papers in Natural Resources
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| Publisher |
DigitalCommons@University of Nebraska - Lincoln
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| Subject |
water demand
price elasticity irrigation technology choice Natural Resources and Conservation |
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