Date of Award:

5-1967

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Applied Economics

Department name when degree awarded

Agricultural Economics

Committee Chair(s)

Lynn H. Davis

Committee

Lynn H. Davis

Committee

B. Delworth Gardner

Committee

George T. Blanch

Committee

Evan B. Murray

Abstract

Marginal values of water used in irrigation are needed if water is to be optimally allocated among alternative uses. Cobb-Douglas production function analysis and linear programming methods were studied in this investigation to find their fruit-fulness in predicting these marginal values. The theoretical properties of both methods indicate that they are conceptually capable of yielding valid marginal value estimates for irrigation water.

Further investigation of the two methods was carried out as an empirical test in the Milford area of Utah. Marginal values of water used for irrigation in that area were estimated by both procedures. Although inviolable criteria for testing the validity of the estimates are not available, imperfect standards or measure imply that they are sound. Linear programming and Cobb-Douglas production function analysis are therefore concluded to be fruitful methods of estimating marginal values of water used for irrigation.

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