Water Conservation Policy Analysis: An Interregional, Multi-Output, Primal-Dual Optimization Approach

摘要: An interregional, multi-output, normalized restricted-equilibrium model of field-crop agriculture is estimated within the context a multistage, programming-based, system estimation procedure. Implicit, total economic-cost functions endogenize behavioral, opportunity adjustment costs fixed and allocatable land water resources. Crop-specific, Marshallian water-demand elasticities are for restricted unrestricted groundwater substitution environments, decomposed by source. Elasticities inelastic, but water-price policy reform can be an effective water-conservation tool when use unrestricted. When restricted, conservation requires more dramatic reform.