Measuring Price Elasticities of Demand and Supply of Water Entitlements Based on Stated and Revealed Preference Data
in American Journal of Agricultural Economics
January 2016; p ublished online June 2015 .
Journal Article. Subjects: Renewable Resources and Conservation. 11583 words.
Estimates of price elasticities of water entitlements (known as permanent water or water rights in the United States) are complicated by data limitations and problems of endogeneity. To...