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Economic Discovery In Federally Supported Irrigation Districts: A Tribute To William E. Martin And Friends

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  • Wilson, Paul N.

Abstract

Ex post evaluation of economic projections validates our shared understanding of economic methodology and methods. The recent economic history of Central Arizona Project (CAP) agriculture reveals the predictive power of economic reasoning and its policy impotence within a political environment intent on obtaining its share of federally allocated water. The financial inability and unwillingness of large irrigation districts to pay for CAP water under existing federal rules produced an urban tax- and rate-payer controlled CAP decades earlier than planned. Yet irrigation districts remain a large residual buyer of CAP water under new pricing and allocation rules. Unfortunately, water markets remain an underutilized and distrusted tool in the water development game.

Suggested Citation

  • Wilson, Paul N., 1997. "Economic Discovery In Federally Supported Irrigation Districts: A Tribute To William E. Martin And Friends," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-17, July.
    • Handle: RePEc:ags:jlaare:31017
    DOI: 10.22004/ag.econ.31017
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    References listed on IDEAS

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    1. Martin, William E., 1988. "Back To The Future: A Willingness To Play Reexamined," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-9, July.
    2. Martin, William E. & Ingram, Helen & Laney, Nancy K., 1982. "A Willingness To Play: Analysis Of Water Resources Development," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-7, July.
    3. Gardner, B. Delworth, 1992. "Western Water Policy From an Agricultural Risk Perspective," 1992 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, March 22-25, 1992, Orlando, Florida 307856, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
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    Cited by:

    1. Anderson, David P. & Wilson, Paul N. & Thompson, Gary D., 1999. "The Adoption And Diffusion Of Level Fields And Basins," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(1), pages 1-18, July.
    2. Hanemann, W. Michael, 2002. "The Central Arizona Project," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt87k436cf, Department of Agricultural & Resource Economics, UC Berkeley.

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    Resource /Energy Economics and Policy;

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