Water Conservation Policy Analysis: An Interregional, Multi-Output, Primal-Dual Optimization Approach

Glenn Schaible ()

American Journal of Agricultural Economics, 1997, vol. 79, issue 1, 163-177

Abstract: An interregional, multi-output, normalized restricted-equilibrium model of field-crop agriculture is estimated within the context of a multistage, programming-based, system estimation procedure. Implicit, total economic-cost functions endogenize behavioral, opportunity adjustment costs of fixed and allocatable land and water resources. Crop-specific, Marshallian water-demand elasticities are estimated for restricted and unrestricted groundwater substitution environments, and decomposed by water source. Elasticities are inelastic, but water-price policy reform can be an effective water-conservation policy tool when groundwater use is unrestricted. When groundwater use is restricted, effective conservation policy requires more dramatic water-price policy reform. Copyright 1997, Oxford University Press.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:79:y:1997:i:1:p:163-177

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