Nathan Hendricks and Jeff Peterson earn 2013 WAEA Outstanding JARE Award
April 19, 2013
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Two faculty of the Department of Agricultural Economics have earned a publication honor from the Western Agricultural Economics Association, Inc. (WAEA). Nathan Hendricks, assistant professor, and Jeff Peterson, professor, submitted the paper “Fixed Effects Estimation of the Intensive and Extensive Margins of Irrigation Water Demand” to be published in the April 2012 issue of the Journal of Agricultural and Resource Economics (JARE). The article was selected to receive this year’s WAEA Outstanding JARE Award.
Hendricks and Peterson will be honored for their award at the Awards Luncheon, June 28, during the WAEA annual meeting in Monterey, Calif. Hendricks has been with the Department of Agricultural Economics at K-State since 2011. Peterson has been with the department since 2000.
The following is the abstract for the article. Irrigation water demand is estimated using field-level panel data from Kansas over 16 years. The cost of pumping varies over time due to changes in energy prices and across space due to differences in the depth to water. Exploiting this variation allows us to estimate the demand elasticity while controlling for field-farmer and year fixed effects. Fixed effects also allow us to control for land use without an instrument or assumptions about the distribution of errors. Our estimates of water demand are used to calculate the cost of reducing irrigation water use through water pricing, irrigation cessation, and intensity-reduction program.
Click here to read the full journal article http://ageconsearch.umn.edu/bitstream/122312/2/Hendricks,%20pg.%201-19.pdf.