地下水需求估算：阿肯色州密西西比河下游冲积平原的第二阶段Hedonic地价分析

IF 1.6 Q2 AGRICULTURAL ECONOMICS & POLICY

Journal of Agricultural and Applied Economics Pub Date : 2023-05-02 DOI:10.1017/aae.2023.15

K. Kovacs, Shelby Rider

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引用次数: 0

摘要

通过将特征价格模型应用于农业用地销售，我们估计了阿肯色州冲积含水层饱和厚度（含水多孔材料）的效益。第一阶段的分析表明，饱和厚度的增加会导致收益递减。通过对农民经营者偏好和社会经济特征的调查，我们在第二阶段分析中恢复了饱和厚度的潜在需求函数。需求函数的变化表明，生产/社会资本可以替代或补充饱和厚度，人力资本可以替代饱和厚度。

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Estimating the Demand for Groundwater: A Second-stage Hedonic Land Price Analysis for the Lower Mississippi River Alluvial Plain, Arkansas

We estimate the benefits of the saturated thickness (water-bearing porous material) of the alluvial aquifer in Arkansas through an application of the hedonic price model to the sale of agricultural land. There is evidence from the first-stage analysis of diminishing returns from increasing saturated thickness. Using a survey of farmer operators’ preferences and socioeconomic characteristics, we recover the underlying demand function for saturated thickness in a second-stage analysis. Shifts in the demand function reveal that produced/social capital can be a substitute or a complement to saturated thickness, and human capital is a substitute for saturated thickness.

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来源期刊

Journal of Agricultural and Applied Economics AGRICULTURAL ECONOMICS & POLICY-

CiteScore

3.30

自引率

5.30%

发文量

审稿时长

8 weeks

期刊介绍： Published on behalf of the Southern Agricultural Economics Association, the Journal of Agricultural and Applied Economics is a forum for creative and scholarly work in agricultural economics and related areas. Contributions on methodology and applications in business, extension, research, and teaching phases of agricultural and applied economics are equally encouraged. As of 2015 (Vol 47), articles are published on an open access basis.