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More Reservoirs Or Transfers? A Computable General Equilibrium Analysis Of Projected Water Shortages In The Arkansas River Basin

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  • Goodman, D. Jay

Abstract

A computable general equilibrium model of the southeastern Colorado economy is used to compare the economic impacts of a proposed increase in reservoir storage to an alternative: temporary water transfers. While both provide municipalities with reliable water supply during droughts and are shown to benefit both rural and urban communities, temporary transfers are accomplished at a much lower economic and environmental cost. This analysis illustrates how computable general equilibrium models provide a more realistic portrayal of the impact of policy changes than input-output analysis by allowing substitution in response to economic conditions.

Suggested Citation

  • Goodman, D. Jay, 2000. "More Reservoirs Or Transfers? A Computable General Equilibrium Analysis Of Projected Water Shortages In The Arkansas River Basin," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-16, December.
    • Handle: RePEc:ags:jlaare:30903
    DOI: 10.22004/ag.econ.30903
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    References listed on IDEAS

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    1. Seung, Chang K. & Harris, Thomas R. & MacDiarmid, Thomas R. & Shaw, W. Douglass, 1998. "Economic Impacts of Water Reallocation: A CGE Analysis for Walker River Basin of Nevada and California," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 28(2), pages 1-22.
    2. Charles W. Howe & Jeffrey K. Lazo & Kenneth R. Weber, 1990. "The Economic Impacts of Agriculture-to-Urban Water Transfers on the Area of Origin: A Case Study of the Arkansas River Valley in Colorado," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(5), pages 1200-1204.
    3. Rutherford, Thomas F, 1999. "Applied General Equilibrium Modeling with MPSGE as a GAMS Subsystem: An Overview of the Modeling Framework and Syntax," Computational Economics, Springer;Society for Computational Economics, vol. 14(1-2), pages 1-46, October.
    4. Joel R. Hamilton & Norman K. Whittlesey & Philip Halverson, 1989. "Interruptible Water Markets in the Pacific Northwest," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 63-75.
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