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IRRIGATION WATER DEMAND: A META ANALYSIS OF PRICE ELASTICITIES

Susanne M. Scheierling, John Loomis and Robert A. Young

No 20300, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Meta-regression models are estimated to investigate sources of variation in empirical estimates of the price elasticity of irrigation water demand. Elasticity estimates are drawn from mathematical programming, econometric and field experiment studies reported in the United States since 1963. Explanatory variables include method of analysis, water price, time-frame of analysis, farmers' adjustment options, type of data, and climate. Results indicate that the magnitudes of elasticity estimates are affected by the method of analysis. When separate regressions are performed for the estimates from each method, the price of water at which an elasticity is estimated as well as the time-frame of analysis are found to influence price elasticities.

Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 25
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20300

DOI: 10.22004/ag.econ.20300

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