The Dynamic Impacts of Pricing Groundwater

IF 3.1 3区 经济学 Q1 ECONOMICS
Ellen Bruno, Katrina K. Jessoe, W. Hanemann
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Abstract

This paper evaluates own-price dynamics in taxing environmental externalities. We exploit a natural experiment that exposed some firms to a large and persistent price increase for groundwater, a setting characterized by incomplete markets. Using five years of post-treatment data on farm-level water use, we find that water conservation doubles between the first and fifth year of the tax. Failure to account for dynamics in policies designed to manage groundwater will understate the price elasticity of demand and introduce efficiency costs. Nick Hagerty, Koichiro Yusuke Kuwayama, Pierre Mérel, Mieno, Moser, Reguant, Sears, Sexton, Smith, Woerman, David Zilberman, Oregon State University, of Mines, California Polytechnic State University, University of Chicago, University of Massachusetts Amherst, University of Pittsburgh, University of Arizona, Montana State University, University of Nevada Reno, and Pennsylvania State University for helpful discussions and comments. A special thanks goes to Brian Lockwood, Marcus Mendiola, Casey Meusel the Pajaro Valley Management for sharing data and institutional knowledge. This project also benefited the research of Jack Gregory and and the technical support of Eric Lehmer at the Geospatial Innovation Facility at UC Berkeley. Funding and support for this research comes from: the National Bureau of Economic Research, the California Institute for Water Resources, and the UC Security and Sustainability Research Initiative funded by
地下水定价的动态影响
本文评估了环境外部性征税中的自身价格动态。我们利用一个自然实验,在不完全市场的环境下,让一些公司面临地下水价格持续大幅上涨。利用5年的农业用水处理后数据,我们发现,在征税后的第一年到第五年,节水量翻了一番。如果不考虑地下水管理政策的动态,将低估需求的价格弹性,并引入效率成本。Nick Hagerty、Koichiro Yusuke Kuwayama、Pierre msamurel、Mieno、Moser、Reguant、Sears、Sexton、Smith、Woerman、David Zilberman、俄勒冈州立大学、矿业大学、加州理工大学、芝加哥大学、马萨诸塞大学阿默斯特分校、匹兹堡大学、亚利桑那大学、蒙大拿州立大学、内华达大学里诺分校和宾夕法尼亚州立大学进行有益的讨论和评论。特别感谢Brian Lockwood, Marcus Mendiola, Casey Meusel和Pajaro Valley Management分享数据和机构知识。该项目还得益于加州大学伯克利分校地理空间创新设施的Jack Gregory的研究和Eric Lehmer的技术支持。本研究的资金和支持来自:国家经济研究局、加州水资源研究所和加州大学安全与可持续发展研究计划
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.60
自引率
2.80%
发文量
55
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