MORE RESERVOIRS OR TRANSFERS? A COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS OF PROJECTED WATER SHORTAGES IN THE ARKANSAS RIVER BASIN

D. Jay Goodman

Journal of Agricultural and Resource Economics, 2000, vol. 25, issue 2, 16

Abstract: A computable general equilibrium model of the southeastern Colorado economy is used to compare the economic impacts of a proposed increase in reservoir storage to an alternative: temporary water transfers. While both provide municipalities with reliable water supply during droughts and are shown to benefit both rural and urban communities, temporary transfers are accomplished at a much lower economic and environmental cost. This analysis illustrates how computable general equilibrium models provide a more realistic portrayal of the impact of policy changes than input-output analysis by allowing substitution in response to economic conditions.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:30903

DOI: 10.22004/ag.econ.30903

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