Estimation of Short and Long Run Derived Irrigation Water Demands and Elasticities

Levan Elbakidze (), Brett Schiller and Garth Taylor
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Levan Elbakidze: Agricultural and Resource Economics, West Virginia University, WV 26506, USA
Brett Schiller: #x2020;University of Idaho, Moscow, ID 83844, USA

Water Economics and Policy (WEP), 2017, vol. 03, issue 01, 1-22

Abstract: Short-run and long-run derived irrigation water demand functions are estimated using shadow price data obtained from a profit maximization mathematical programming model. Crop and soil-type specific production functions are expressed in terms of applied irrigation water. Demand functions for two South Central Idaho counties are estimated using linear, semi-log, double-log, and Box-Cox transformation forms. Price elasticities, at the mean shadow prices, range from 0.8 to 1.2, 1.49 to 1.84, and 2.9 to 4.9, for short run, long run with deficit irrigation, and long run with no deficit irrigation, respectively.

Keywords: Shadow price; irrigation water demand price elasticities (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S2382624X17500011

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