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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)

Abstract: 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)
Pages: 15
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279428

DOI: 10.22004/ag.econ.279428

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