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• W2147163044 startingPage "953" @default.
• W2147163044 abstract "The lack of robust water markets makes it difficult to value irrigation water. Because water rights are appurtenant to land, it is possible to infer the value of water from observed differences in the market price of land. We use panel data on repeat farmland sales in California's San Joaquin Valley to estimate a hedonic regression equation with parcel fixed effects. This controls for sources of omitted variables bias and allows us to recover the value of irrigation water to landowners in our sample. We show that a more traditional cross‐sectional regression results in an artificially low value of irrigation water." @default.
• W2147163044 created "2016-06-24" @default.
• W2147163044 creator A5021514818 @default.
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• W2147163044 date "2014-07-01" @default.
• W2147163044 modified "2023-09-27" @default.
• W2147163044 title "Land Markets and the Value of Water: Hedonic Analysis Using Repeat Sales of Farmland" @default.
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• W2147163044 doi "https://doi.org/10.1093/ajae/aau013" @default.
• W2147163044 hasPublicationYear "2014" @default.
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