AN EXPLANATION OF PRICE BEHAVIOR IN THE WATER
Richard L. Gardner and
Thomas A. Miller
No 279428, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
An asset pricing model incorporating the growth rate in real returns to irrigation water and the value of potential urban water uses is used to analyze historical prices of Colorado-Big Thompson water shares. Historically, urban use potential was heavily discounted, but now appears to be fully reflected in water prices.
Keywords: Demand and Price Analysis; Resource /Energy Economics and Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279428
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