ESTIMATING PRODUCER'S SURPLUS WITH THE CENSORED REGRESSION MODEL: AN APPLICATION TO PRODUCERS AFFECTED BY COLUMBIA RIVER BASIN SALMON RECOVERY

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dc.creatorMoore, Michael R.
dc.creatorGollehon, Noel R.
dc.creatorHellerstein, Daniel
dc.date2017-04-01T16:49:24Z
dc.date.accessioned2026-07-09T04:11:00Z
dc.descriptionApplication 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 output supply functions. Confidence intervals for the surplus measures are generated using the Krinsky-Robb method. An experiment predicts decreases in surplus given increases in water pumping cost. The experiment replicates possible increases in hydroelectric prices due to the salmon recovery program in the Columbia-Snake River Basin. Output substitution explains producers' ability to mitigate the effect of the price increases on producer's surplus.
dc.identifierdoi:10.22004/ag.econ.30885
dc.identifierhttps://ageconsearch.umn.edu/record/30885/files/25020325.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/30885
dc.identifier.urihttp://hdl.handle.net/123456789/546054
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/30885
dc.titleESTIMATING PRODUCER'S SURPLUS WITH THE CENSORED REGRESSION MODEL: AN APPLICATION TO PRODUCERS AFFECTED BY COLUMBIA RIVER BASIN SALMON RECOVERY
dc.typeText

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