Estimating Producer's Surplus with the Censored Regression Model: An Application to Producers Affected by Columbia River Basin Salmon Recovery

Estimating Producer's Surplus with the Censored Regression Model: An Application to Producers Affected by Columbia River Basin Salmon Recovery

Application of the tobit model to estimate economic welfare is transferred from the consumer side to the producer side. Supply functions are estimated for multioutput irrigators in the Pacific Northwest. Empirical procedures are then developed for computing expected producer's surplus from the...

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Bibliographic Details
Main Authors: Michael R. Moore, Noel R. Gollehon, Daniel Hellerstein
Format: Article
Language:English
Published: Western Agricultural Economics Association 2000-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
endangered species act
multioutput supply
pacific northwest
producer's surplus
salmon
tobit regression
water price
Online Access:https://ageconsearch.umn.edu/record/30885

Internet

https://ageconsearch.umn.edu/record/30885

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