Demand for Grazing on Public Lands: A Disequilibrium Approach

Arunava Bhattacharyya, Rangesan Narayanan, Thomas R. MacDiarmid, Thomas Harris and William O. Champney
Authors registered in the RePEc Author Service: Tom Harris

Land Economics, 1996, vol. 72, issue 4, 483-499

Abstract: A demand function for grazing on western public rangelands is estimated. Since the federal government sets the grazing fee and rations the quantity of Animal Unit Months (AUMs), a disequilibrium market model is developed. The estimate of own-price elasticity of demand (-0.178) suggests a 0.82 percent revenue gain for a 1 percent fee increase. Results show that most western states experienced excess supply of AUMs since the mid-1980s, suggesting a relatively high fee. The levels of demand and effective supply vary substantially across states; this implies that state- or region-specific factors should be incorporated in setting the grazing fee.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/3146911
A subscripton is required to access pdf files. Pay per article is available.

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:uwp:landec:v:72:y:1996:i:4:p:483-499

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().