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Journal of Agricultural and Resource Economics >
Volume 33, Number 3, December 2008 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/46568
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| Title: | Influence of Climate Variability on the Market Price of Water in the Gila-San Francisco Basin |
| Authors: | Pullen, Jennifer L.
Colby, Bonnie G. |
| Keywords: | Drought
econometrics
hedonic
market price
Palmer Hydrological Drought Index
Standard Precipitation Index
water
western United States |
| Issue Date: | 2008 |
| Abstract: | Emerging water markets in the western United States have slowly developed as usage patterns have changed over time. This article develops an econometric model for the Gila-San Francisco Basin. Results indicate the market price of water has risen in response to drought and market conditions. Analysis shows a statistically significant relationship between the price and quantity of water transferred, year the transaction occurred, location where the transaction occurred, new use of the water right, and whether the transaction occurred during a drought year. Using the Standard Precipitation Index, we find negotiated prices are higher during dry years. |
| URI: | http://purl.umn.edu/46568 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 33, Number 3, December 2008 |
| Total Pages: | 15 |
| From Page: | 473 |
| To Page: | 487 |
| Collections: | Volume 33, Number 3, December 2008
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| Pullen.pdf | | 5665Kb | PDF | View/Open |
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