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Schoengold et al. 2006

Schoengold, K., Sunding, D.L. and Moreno, G. (2006). Price elasticity reconsidered: Panel estimation of an agricultural water demand function. Water Resources Research 42. doi: 10.1029/2005WR004096. issn: 0043-1397.

Using panel data from a period of water rate reform, this paper estimates the price elasticity of irrigation water demand. Price elasticity is decomposed into the direct effect of water management and the indirect effect of water price on choice of output and irrigation technology. The model is estimated using an instrumental variables strategy to account for the endogeneity of technology and output choices in the water demand equation. Estimation results indicate that the price elasticity of agricultural water demand is -0.79, which is greater than that found in previous studies.

BACKGROUND DATA FILES

	Abstract

Keywords
Hydrology, Water supply, Policy Sciences, Demand estimation, Hydrology, Water management

Journal
Water Resources Research
http://www.agu.org/wrr/

Publisher
American Geophysical Union
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