1998•AgEcon Search (University of Minnesota, USA)Open access

A COMPUTABLE GENERAL EQUILIBRIUM APPROACH TO SURFACE WATER REALLOCATION POLICY IN RURAL NEVADA

Chang K. Seung, Thomas R. Harris, Rangesan Narayanan, Seung, Chang K., Harris, Thomas R., Narayanan, Rangesan

Abstract

This study uses a computable general equilibrium model to examine the impacts of transferring water from agriculture to recreational use in rural Nevada. Model results show that different assumptions about input substitution in agricultural production produce qualitatively different policy impacts on agricultural sectors.

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Key concepts: Computable general equilibrium, Agriculture, General equilibrium theory, Economics, Recreation, Natural resource economics, Agricultural economics, Substitution (logic)