Determining the Price-Responsiveness of Demands for Irrigation Water Deliveries versus Consumptive Use

Susanne M. Scheierling, Robert A. Young and Grant E. Cardon

Journal of Agricultural and Resource Economics, 2004, vol. 29, issue 2, 18

Abstract: A water-crop simulation/mathematical programming model of irrigation water demand in northeastern Colorado is formulated to develop an original concept of derived demand for consumptive use of water. Conventional demand functions for water deliveries are also developed, and the effect of hypothetical price increases on both consumption and delivery are illustrated. Findings indicate that demand elasticity estimates are quite sensitive to model specification, and consumptive use demand tends to be significantly less price-responsive than delivery demand. Thus price incentives are likely to have only limited impacts on basin-wide water consumption and would not make much additional water available for emerging demands.

Keywords: Demand and Price Analysis; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31107

DOI: 10.22004/ag.econ.31107

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