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Quantifying Economic And Environmental Trade-Offs Of Instream Flow Requirements: A Comparison Between Stewart-Hagan And Stewart Crop Yield Relationships

Author

Listed:
  • Grove, Bennie
  • Oosthuizen, L.K.

Abstract

Chance constrained mathematical programming was used to compare the effects of two different crop yield relationships on the economic cost to irrigation farmers while maintaining an instream flow requirement. Results showed that the Stewart-Hagan programming model underestimated the economic cost and overestimated potential return flows. Water policies based on this model will lead to the implementation of socially unacceptable water allocation policies that may even apply more pressure on stream flows. Meaningful water policies could only be advanced by a thorough understanding of the economic and hydrological consequences of alternative water allocation policies through the integration of economic and hydrological models at catchment level.

Suggested Citation

  • Grove, Bennie & Oosthuizen, L.K., 1998. "Quantifying Economic And Environmental Trade-Offs Of Instream Flow Requirements: A Comparison Between Stewart-Hagan And Stewart Crop Yield Relationships," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 37(4), pages 1-11, December.
    • Handle: RePEc:ags:agreko:54890
    DOI: 10.22004/ag.econ.54890
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    References listed on IDEAS

    as
    1. Norman K. Whittlesey & Ray G. Huffaker, 1995. "Water Policy Issues for the Twenty-first Century," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(5), pages 1199-1203.
    2. Scott L. Johnson & Richard M. Adams & Gregory M. Perry, 1991. "The On-Farm Costs of Reducing Groundwater Pollution," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1063-1073.
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