Market Failure in Multiphase Electric Power Development for Agricultural Irrigation

Bernard V. Tew, Josef M. Broder, Wesley Musser and Terence Centner

Journal of Agricultural and Applied Economics, 1985, vol. 17, issue 2, 57-66

Abstract: The adoption of multiphase electric power for electric irrigation has been limited in an area characterized by extremely rapid expansion of irrigated acreage despite production cost advantages. Theoretical and empirical evidence of failure in the existing market for multiphase power development are presented. Alternative development mechanisms are presented and discussed.

Date: 1985
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Journal Article: MARKET FAILURE IN MULTIPHASE ELECTRIC POWER DEVELOPMENT FOR AGRICULTURAL IRRIGATION (1985)
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