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PANEL ESTIMATION OF WATER DEMAND BASED ON AN EPISODE OF RATE REFORM AgEcon
Moreno, Georgina; Sunding, David L.; Schoengold, Karina.
Agriculture is by far the dominant user of water in the western United States and in nearly all arid regions of the planet. Despite this fact and despite a growing push to rely on price mechanisms for rationalizing water allocation, there are few econometric studies of agricultural water demand that measure its responsiveness to price. Using a unique panel data set of water use at a disaggregated level, this paper estimates the parameters of an agricultural water demand function. The approach incorporates the notion of “"jointness"” in the farm production function, which postulates that producers choose inputs, outputs and technology simultaneously. Estimation results indicate that the own-price elasticity of water use is in the range [-0.415, -0.275],...
Tipo: Conference Paper or Presentation Palavras-chave: Input demand estimation; Water resources; Conservation technology; Resource /Energy Economics and Policy; C33; Q12; Q15.
Ano: 2004 URL: http://purl.umn.edu/20342
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MODIFYING THE NEO-CLASSICAL APPROACH TO TECHNOLOGY ADOPTION WITH BEHAVIORAL SCIENCE MODELS AgEcon
Lynne, Gary D..
The dualistic nature of humans has been recognized for centuries. The intriguing question is the extent to which the human being with her/his display of concern for others can simultaneously act as an egoist, the latter being descriptive of the homo oeconomicus rendition of the human. Multiple utility theory suggests a way to approach research on such issues. A test case of water conserving technology adaptation behavior by Florida growers is examined. Empirical evidence supports moving toward an expanded version of the mono-utility or I-utility model to include a We-utility.
Tipo: Journal Article Palavras-chave: Behavioral economics; Conservation technology; Meta-preferences; Multiple utility; Socioeconomics; Technology adoption; Research and Development/Tech Change/Emerging Technologies.
Ano: 1995 URL: http://purl.umn.edu/15322
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