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  • 标题:Price elasticity of water allocations demand in the Goulburn–Murray Irrigation District
  • 本地全文:下载
  • 作者:Wheeler, Sarah Ann ; Bjornlund, Henning ; Shanahan, Martin
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:2008
  • 期号:suppl
  • 页码:37-55
  • 出版社:Journal of Agribusiness
  • 摘要:Bid prices for the demand and supply of water allocations between 2001 and 2007, and average monthly prices paid for water allocations from 1997 to 2007 in the Goulburn– Murray Irrigation District are analysed to estimate price elasticities. Based on bid prices, the price elasticity of demand for water allocations appears highly elastic, with elasticities strongly influenced by the season and drought. The price elasticity of supply for water allocations is also elastic, albeit less elastic than demand. Using actual prices paid, water demand is negatively related to price and is inelastic, and appears to be most influenced by demand the previous month, drought and seasonality factors.
  • 关键词:water allocations demand;water allocations supply;price elasticity;water markets
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