Economic efficiency of short-term versus long-term water rights buyouts


Show simple item record Wheeler, Erin Golden, Bill Johnson, Jeffrey Peterson, Jeffrey M. 2012-10-15T19:23:53Z 2012-10-15T19:23:53Z 2012-10-15
dc.description.abstract Because of the decline of the Ogallala Aquifer, water districts, regional water managers, and state water officers are becoming increasingly interested in conservation policies. This study evaluates both short-term and long-term water rights buyout policies. This research develops dynamic production functions for the major crops in the Texas Panhandle. The production functions are incorporated into optimal temporal allocation models that project annual producer behavior, crop choices, water use, and aquifer declines over 60 years. Results suggest that long-term buyouts may be more economically efficient than short-term buyouts. en_US
dc.relation.uri en_US
dc.rights Permission to archive granted by the Southern Agricultural Economics Association, October 8, 2012. en_US
dc.subject Dynamic production function en_US
dc.subject nonlinear optimization en_US
dc.subject Ogallala aquifer en_US
dc.subject Water rights buyout en_US
dc.title Economic efficiency of short-term versus long-term water rights buyouts en_US
dc.type Article (publisher version) en_US 2008 en_US
dc.citation.epage 501 en_US
dc.citation.issue 2 en_US
dc.citation.jtitle Journal of Agricultural and Applied Economics en_US
dc.citation.spage 493 en_US
dc.citation.volume 40 en_US
dc.contributor.authoreid jpeters en_US
dc.contributor.authoreid bgolden en_US

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