BACK TO THE FUTURE: A WILLINGNESS TO PLAY REEXAMINED

William E. Martin

Western Journal of Agricultural Economics, 1988, vol. 13, issue 01, 9

Abstract: As the Central Arizona project is being completed and contracts are being negotiated, economic analysis continues to show that neither agriculture nor municipalities would benefit from the project if repayment actually is required according to previously suggested schedules. Earlier analyses were either ignored or condemned as farmers were willing to play a water development game in the face of uncertain future repayment requirements. The game of playing for subsidized water continues even as the buyers now face real costs rather than just some future possibility of incurring costs. Recent analysis is being used to help negotiate favorable delivery and repayment contracts. Experience has shown that once the physical development is in place, costs are negotiable.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1988
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://ageconsearch.umn.edu/record/32164/files/13010112.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32164

DOI: 10.22004/ag.econ.32164

Access Statistics for this article

More articles in Western Journal of Agricultural Economics from Western Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().