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

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dc.contributor.author Wheeler, Erin
dc.contributor.author Golden, Bill
dc.contributor.author Johnson, Jeffrey
dc.contributor.author Peterson, Jeffrey M.
dc.date.accessioned 2012-10-15T19:23:53Z
dc.date.available 2012-10-15T19:23:53Z
dc.date.issued 2012-10-15
dc.identifier.uri http://hdl.handle.net/2097/14850
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 http://purl.umn.edu/46987 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
dc.date.published 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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