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- W2149496776 abstract "The reclamation program sets prices based on irrigators' ability to pay for water. In contrast to the traditional approach (the farm budget study), this research develops a model of irrigator profit and ability to pay. The shadow price (marginal revenue) of water is shown to measure ability to pay per acre-foot of water. The model can be estimated econometrically with commonly available, although deficient, data. Using data from thirteen water districts in California, annual, district-level shadow price functions are derived for 1981-91 and compared to ability-to-pay estimates from a farm budget study of the districts." @default.
- W2149496776 created "2016-06-24" @default.
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- W2149496776 date "1999-01-01" @default.
- W2149496776 modified "2023-09-23" @default.
- W2149496776 title "ESTIMATING IRRIGATOR ABILITY TO PAY FOR RECLAMATION WATER" @default.
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