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Transfer Restrictions and Misallocations of Irrigation Water

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  • B. Delworth Gardner
  • Herbert H. Fullerton

Abstract

The hypothesis of the study is that allowing intercompany transfers of irrigation water would significantly increase the marginal value product of water. Regression analysis was used to explain a time series of rental prices for an area in Utah where four companies freely exchanged water after a long period during which only intracompany transfers were permitted. Water delivered per irrigated acre and type of transfer policy in use were the statistically significant variables and explained 89 percent of the variance in rental price. Covariance analysis indicated that the greater flexibility in transfer increased the real price of water per acre-foot by $1.84.

Suggested Citation

  • B. Delworth Gardner & Herbert H. Fullerton, 1968. "Transfer Restrictions and Misallocations of Irrigation Water," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 556-571.
    • Handle: RePEc:oup:ajagec:v:50:y:1968:i:3:p:556-571.
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    File URL: http://hdl.handle.net/10.2307/1238259
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    Citations

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    Cited by:

    1. Schaible, Glenn D. & Aillery, Marcel P., 2012. "Water Conservation in Irrigated Agriculture: Trends and Challenges in the Face of Emerging Demands," Economic Information Bulletin 134692, United States Department of Agriculture, Economic Research Service.
    2. Juliane Haensch & Sarah Ann Wheeler & Alec Zuo & Henning Bjornlund, 2016. "The Impact of Water and Soil Salinity on Water Market Trading in the Southern Murray–Darling Basin," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 1-26, March.
    3. Bowen, Richard L. & Moncur, James E.T. & Pollock, Richard L., 1989. "Reform of Water Institutions and Rent Creation: The Hawaii Case," WAEA/ WFEA Conference Archive (1929-1995) 244974, Western Agricultural Economics Association.
    4. Hsu, Shi-Ling & Weinberg, Marca, 1998. "Environmental And Natural Resource Policy And The Optimal Dispersion Of Property Rights," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20882, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Hoover, Dale M. & Efstratoglou Todoulos, Sophia I., 1973. "Economic Effects Of Intercounty Transfer Of Flue-Cured Tobacco Quota," Department of Economics and Business - Archive 259736, North Carolina State University, Department of Economics.
    6. Marianne LEFEBVRE & Lata GANGADHARAN & Sophie THOYER, 2011. "Do Security-differentiated Water Rights Improve Efficiency?," Working Papers 11-14, LAMETA, Universtiy of Montpellier, revised Jun 2012.
    7. A. K. Dragun, 1985. "Problems and Prospects for Water Reallocation in Australia," Natural Resources Forum, Blackwell Publishing, vol. 9(4), pages 239-251, November.
    8. Ronald C. Griffin, 2012. "The Origins and Ideals of Water Resource Economics in the United States," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 353-377, August.
    9. Gardner, B. Delworth, 1992. "Western Water Policy From an Agricultural Risk Perspective," 1992 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, March 22-25, 1992, Orlando, Florida 307856, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.

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