Affiliation:
1. Agricultural and Resource Economics, West Virginia University, WV 26506, USA
2. University of Idaho, Moscow, ID 83844, USA
Abstract
Short-run and long-run derived irrigation water demand functions are estimated using shadow price data obtained from a profit maximization mathematical programming model. Crop and soil-type specific production functions are expressed in terms of applied irrigation water. Demand functions for two South Central Idaho counties are estimated using linear, semi-log, double-log, and Box-Cox transformation forms. Price elasticities, at the mean shadow prices, range from 0.8 to 1.2, 1.49 to 1.84, and 2.9 to 4.9, for short run, long run with deficit irrigation, and long run with no deficit irrigation, respectively.
Publisher
World Scientific Pub Co Pte Lt
Subject
Management, Monitoring, Policy and Law,Economics and Econometrics,Water Science and Technology,Business and International Management
Cited by
5 articles.
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