作者: Cloe Garnache , Richard E. Howitt
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摘要: California is facing a severe water crisis. Water resources allocation creates conflicts among urban users, farmers, and environmentalists. Large diversions of for agriculture uses restrict habitat native fish species contributing to the population collapse in Sacramento- San Joaquin Delta. Efficiently allocating between current policy priority. The Yolo Bypass floodplain, located Delta, at center debate. It provides unique species, agricultural production, flood protection city Sacramento. seasonal flooding critical Chinook salmon. Yet, it may conflict with particular rice farming. Managing joint production wildlife crops achieve efficient conservation objectives. We develop model that captures marginal benefit commercial fishery opportunity cost agriculture. Habitat provision affects both crop yields stock—through greater survival rate juvenile salmon use inundated floodplain. explicitly how these two activities are affected by allow feedback models such acreages harvest endogenous model. question presents challenge economists because spatial temporal scales differ widely. While economic can be aggregated estimation normally predicated on yearly cropping decisions, biological sensitive variation over short distances weekly, if not daily, changes. Our calibration approach formally