21 lines
640 B
TeX
21 lines
640 B
TeX
\begin{frame}{Econometric Strategy}
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\textbf{Dirrect Counterfactual}
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\begin{equation*}
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W_{i,t}=CREP_{i,t}\cdot X_{t}+\alpha_{i}+\beta_{t}\cdot X_{t}+\epsilon_{i,t}
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\end{equation*}
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Where \(W_{i,t}\) is the water intensify in a given year (t) by parcel \(i\). \(\alpha_{i}\) is the parcel fixed effect. \(\beta_{t}\) captures time variant variables like run off volumes, growing season heating degree days, and prices.
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\newline
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\newline
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\textbf{Who enters the program}
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\begin{equation*}
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logit(I_{CREP})=\beta_{i}\cdot X_{i}
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\end{equation*}
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Where \(X_{i}\) are parcel attributes such as acreage, crop choice, and location.
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\end{frame}
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