Analytical Model for Price Elasticity of Agricultural Water Demand
Renjun Zhang
Abstract
Renjun Zhang
Abstract
By applying the method of econometrics and multi-stat-analysis,through establishing pretreatment model for the source material and sample data,eliminating the influence of other main factors except water price on the agricultural water consumption,the analytical model for price elasticity of agricultural water demand was established and the price elasticity of agricultural water demand was educed in this paper.The research result indicates that agricultural water price has obvious correlativity to water demand.Pretreatment model and analytical model for price elasticity of agricultural water demand were applied in high-lift irrigation area of Jiangsu Province.The application result shows that agricultural water price has obvious suppression effect to water consumption.
OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
By applying the method of econometrics and multi-stat-analysis,through establishing pretreatment model for the source material and sample data,eliminating the influence of other main factors except water price on the agricultural water consumption,the analytical model for price elasticity of agricultural water demand was established and the price elasticity of agricultural water demand was educed in this paper.The research result indicates that agricultural water price has obvious correlativity to water demand.Pretreatment model and analytical model for price elasticity of agricultural water demand were applied in high-lift irrigation area of Jiangsu Province.The application result shows that agricultural water price has obvious suppression effect to water consumption.
Key concepts: Price elasticity of demand, Elasticity (physics), Agriculture, Economics, Agricultural economics, Irrigation, Econometrics, Price elasticity of supply