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Estimating the Value of Water Use Permits: A Hedonic Approach Applied to Farmland in the Southeastern United States

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Author Info
Ragan A. Petrie
Laura O. Taylor
Abstract

Agricultural irrigation permits in the Flint River Basin in Georgia had been routinely granted until a moratorium was placed on permit issuance in 1999. This research exploits this policy change within a hedonic-pricing framework to estimate the value of irrigation rights in the southeastern United States. While the value of irrigation rights has been studied extensively in the western United States, differences in property rights and legal regimes, as well as a lack of established water-rights markets in the eastern United States, leave us with little information regarding the value of irrigation rights in this setting.

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File URL: http://le.uwpress.org/cgi/reprint/83/3/302
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Publisher Info
Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 83 (2007)
Issue (Month): 3 ()
Pages: 302-318
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Handle: RePEc:uwp:landec:v:83:y:2007:i:3:p:302-318

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Find related papers by JEL classification:
Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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This page was last updated on 2008-9-24.


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