@article{aastveit2015,
	  title = {What {{Drives Oil Prices}}? {{Emerging Versus Developed Economies}}},
	  shorttitle = {What {{Drives Oil Prices}}?},
	  author = {Aastveit, Knut Are and Bjørnland, Hilde C. and Thorsrud, Leif Anders},
	  date = {2015},
	  journaltitle = {Journal of Applied Econometrics},
	  volume = {30},
	  number = {7},
	  pages = {1013--1028},
	  issn = {1099-1255},
	  doi = {10.1002/jae.2406},
	  url = {https://onlinelibrary.wiley.com/doi/abs/10.1002/jae.2406},
	  urldate = {2023-02-03},
  abstract = {We explore the role of demand from emerging and developed economies as drivers of the real price of oil. Using a FAVAR model that identifies shocks from different regions of the world, we find that demand from emerging economies (most notably from Asian countries) is more than twice as important as demand from developed countries in accounting for the fluctuations in the real oil price and in oil production. Furthermore, geographical regions respond differently to adverse oil market shocks that drive up oil prices, with Europe and North America being more negatively affected than countries in Asia and South America. Copyright © 2014 John Wiley \& Sons, Ltd.},
  langid = {english},
  file = {/home/alex/Zotero/storage/ADNSI2B7/Aastveit et al. - 2015 - What Drives Oil Prices Emerging Versus Developed .pdf;/home/alex/Zotero/storage/5TMTLZ9B/jae.html}
}

@article{abelson1985,
  title = {The Interpretation of Capitalized Hedonic Prices in a Dynamic Environment},
  author = {Abelson, P.W and Markandya, A},
  date = {1985-09},
  journaltitle = {Journal of Environmental Economics and Management},
  volume = {12},
  number = {3},
  pages = {195--206},
  issn = {00950696},
  doi = {10.1016/0095-0696(85)90030-0},
  url = {https://linkinghub.elsevier.com/retrieve/pii/0095069685900300},
  urldate = {2021-02-27},
  langid = {english},
  file = {/home/alex/Zotero/storage/8VDBS2ML/Abelson and Markandya - 1985 - The interpretation of capitalized hedonic prices i.pdf;/home/alex/Zotero/storage/BQGSIYNN/Abelson and Markandya - 1985 - The interpretation of capitalized hedonic prices i.pdf}
}

@article{allen2023,
  title = {Market-Oriented Solutions for Groundwater Commons through Collective-Action},
  author = {Allen, Jonah J. and Smith, Steven M.},
  date = {2023-04},
  journaltitle = {Environmental Research Letters},
  volume = {18},
  number = {4},
  pages = {045006},
  publisher = {IOP Publishing},
  location = {Bristol, United Kingdom},
  doi = {10.1088/1748-9326/acc8ec},
  url = {https://proquest.com/docview/2800878826/abstract/93FD12703F904731PQ/1?sourcetype=Scholarly%20Journals},
  urldate = {2024-12-02},
  abstract = {Groundwater scarcity poses threats to communities across the globe, and effectively managing those challenges requires designing policy that achieves institutional fit. Collective action is well-suited to match rules with local context, and multiple pathways exist for communities to achieve reductions in groundwater use. To better understand how local conditions influence rule design, we examine two groundwater-reliant communities in the Western US that engaged in collective-action to arrive at distinct groundwater management rules. We consider: what drove stakeholders in Northwestern Kansas (NWKS) and San Luis Valley, Colorado (SLV) to adopt local groundwater policies, and why were different management pathways chosen? Further, why is more heterogeneity observed between local management organizations in SLV as compared to NWKS? To investigate these questions, we employ grounded theory to interpret the rules in reference to local hydro-agro-economic statistics and interviews with stakeholders (n = 19) in each region selected by expert sampling. We find that the additional goals of groundwater rules in SLV, partially driven by key contrasts in the resource system compared to NWKS, and higher resource productivity in SLV, creates both the need for and efficacy of a price-centered policy. Furthermore, variation in the resource systems and associated farm characteristics between subdistricts drives higher heterogeneity in rule design between local management districts in SLV compared to NWKS. More generally, we find the local flexibility afforded through the collective-action process as critical, even if it were to arrive at alternative, non-economic based incentives.},
  langid = {english},
  pagetotal = {045006},
  keywords = {Agricultural economics,Collective action,Economic,Economic statistics,Economics,Grounded theory,Groundwater,groundwater commons,Groundwater management,Heterogeneity,Incentives,irrigation,self-governance,Water scarcity},
  file = {/home/alex/Zotero/storage/6H3V8XVP/Allen and Smith - 2023 - Market-oriented solutions for groundwater commons through collective-action.pdf}
}

@article{anderson2018,
  title = {Hotelling under {{Pressure}}},
  author = {Anderson, Soren T. and Kellogg, Ryan and Salant, Stephen W.},
  date = {2018-06},
  journaltitle = {Journal of Political Economy},
  volume = {126},
  number = {3},
  pages = {984-1026},
  publisher = {University of Chicago},
  issn = {00223808},
  doi = {10.1086/697203},
  url = {https://jstor.org/stable/26550410},
  urldate = {02-12-2024},
  abstract = {We show that oil production from existing wells in Texas does not respond to oil prices, while drilling activity and costs respond strongly. To explain these facts, we reformulate Hotelling’s classic model of exhaustible resource extraction as a drilling problem: firms choose when to drill, but production from existing wells is constrained by reservoir pressure, which decays as oil is extracted. The model implies a modified Hotelling rule for drilling revenues net of costs, explains why the production constraint typically binds, and rationalizes regional production peaks and observed patterns of prices, drilling, and production following demand and supply shocks.},
  keywords = {HOTELS,OIL well drilling,PETROLEUM production,PETROLEUM sales & prices,TEXAS},
  file = {/home/alex/Zotero/storage/SARHAIYU/Anderson et al. - 2018 - Hotelling under Pressure.pdf}
}

@article{athey2022,
  title = {Design-Based Analysis in {{Difference-In-Differences}} Settings with Staggered Adoption},
  author = {Athey, Susan and Imbens, Guido W.},
  date = {2022-01},
  journaltitle = {Journal of Econometrics},
  shortjournal = {Journal of Econometrics},
  volume = {226},
  number = {1},
  pages = {62--79},
  issn = {03044076},
  doi = {10.1016/j.jeconom.2020.10.012},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0304407621000488},
  urldate = {2023-07-14},
  abstract = {In this paper we study estimation of and inference for average treatment effects in a setting with panel data. We focus on the staggered adoption setting where units, e.g, individuals, firms, or states, adopt the policy or treatment of interest at a particular point in time, and then remain exposed to this treatment at all times afterwards. We take a design perspective where we investigate the properties of estimators and procedures given assumptions on the assignment process. We show that under random assignment of the adoption date the standard Difference-In-Differences (DID) estimator is an unbiased estimator of a particular weighted average causal effect. We characterize the exact finite sample properties of this estimand, and show that the standard variance estimator is conservative.},
  langid = {english},
  file = {/home/alex/Zotero/storage/XUXRZ6EE/Athey and Imbens - 2022 - Design-based analysis in Difference-In-Differences.pdf}
}

@article{ayres2018-secure-water,
  title = {The {{Economic Value}} of {{Secure Water}}: {{Landowner Returns}} to {{Defining Groundwater Property Rights}}},
  shorttitle = {The {{Economic Value}} of {{Secure Water}}},
  author = {Ayres, Andrew B. and Meng, Kyle C.},
  date = {2018-03-13},
  journaltitle = {UC Office of the President: University of California Research Initiatives.},
  url = {https://escholarship.org/uc/item/19113484},
  urldate = {2024-09-24},
  abstract = {Groundwater is a prime example of a common-pool resource subject to over-extraction and rent dissipation under open access. To avoid this, users can assign groundwater rights: a cap is set on the volume of groundwater that can be pumped annually, and rights are allocated among users. Although this process restricts pumping, it also improves long-term resource availability, grants a fungible asset that can be traded, and reduces uncertainty for urban developers. We investigate the effect on land values by exploiting a plausibly exogenous discontinuity in the definition of rights in the Mojave groundwater basin in California. Because both the long-term stream of agricultural rents and the value of tradable permits are capitalized into land value, spatial regression discontinuity designs identify the difference between the value of interior parcels with water rights and those of free riders on the exterior, who can drain from the regulated area with no restrictions. We find that the value of rights outweighs gains realized by free riders and that property rights increase land value by half. The large gains estimated here support the idea that the allocation of rights may be instrumental in convincing otherwise recalcitrant users to accept restrictions.},
  langid = {english},
  file = {/home/alex/Zotero/storage/FFTIXBNR/Ayres and Meng - 2018 - The Economic Value of Secure Water Landowner Returns to Defining Groundwater Property Rights.pdf}
}

@article{barragan-beaud2018,
  title = {Carbon Tax or Emissions Trading? {{An}} Analysis of Economic and Political Feasibility of Policy Mechanisms for Greenhouse Gas Emissions Reduction in the {{Mexican}} Power Sector},
  shorttitle = {Carbon Tax or Emissions Trading?},
  author = {Barragán-Beaud, Camila and Pizarro-Alonso, Amalia and Xylia, Maria and Syri, Sanna and Silveira, Semida},
  date = {2018-11},
  journaltitle = {Energy Policy},
  shortjournal = {Energy Policy},
  volume = {122},
  pages = {287--299},
  issn = {03014215},
  doi = {10.1016/j.enpol.2018.07.010},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0301421518304579},
  urldate = {2023-07-24},
  abstract = {This study provides a comparative assessment of carbon-pricing instruments for the Mexican electricity sector, contrasting a carbon tax with an emissions trading scheme (ETS). The assessment is performed in terms of economic impacts and political feasibility. Model-based scenarios considering different price and quantity levels are analyzed on Balmorel-MX, a cost optimization bottom-up model of the Mexican electricity system. The political feasibility is evaluated using an online survey and interviews with representatives of relevant stakeholder groups. The assessment suggests that an ETS is the most appropriate instrument for the Mexican case. We recommend to set the cap as 31\% abatement in relation to a baseline, which is suggested to be 102 MtCO2 by 2030, given the business-as-usual baseline used as reference by the Mexican government (202 MtCO2) is found to leave cost-effective abatement potential untapped. An emission trading system with such design has higher costefficiency and lower distributional effects than a carbon tax at equivalent ambition level (15 USD/tCO2). The political feasibility analysis confirms the assessment, as it is in line with the priorities of the stakeholder groups, allows earmarking carbon revenue and avoids exempting natural gas from carbon pricing.},
  langid = {english},
  file = {/home/alex/Zotero/storage/44L7SPX6/Barragán-Beaud et al. - 2018 - Carbon tax or emissions trading An analysis of ec.pdf}
}

@book{bennison1947,
  title = {Ground Water: Its Development, Uses and Conservation},
  shorttitle = {Ground Water},
  author = {Bennison, E. W.},
  date = {1947},
  edition = {1st ed.},
  publisher = {Edward E. Johnson, Inc.},
  location = {St. Paul, Minnesota},
  langid = {english},
  pagetotal = {509},
  keywords = {Groundwater,Water-supply engineering,Wells},
  url = {https://reader.library.cornell.edu/docviewer/digital?id=chla2902957#page/6/mode/1up},
  urldate = {2024-12-02}
}

@article{besley2000,
  title = {Unnatural {{Experiments}}? {{Estimating}} the {{Incidence}} of {{Endogenous Policies}}},
  shorttitle = {Unnatural {{Experiments}}?},
  author = {Besley, Timothy and Case, Anne},
  date = {2000},
  journaltitle = {The Economic Journal},
  volume = {110},
  number = {467},
  eprint = {2667771},
  eprinttype = {jstor},
  pages = {F672-F694},
  publisher = {[Royal Economic Society, Wiley]},
  issn = {0013-0133},
  url = {https://jstor.org/stable/2667771},
  urldate = {2024-09-24},
  abstract = {There are numerous empirical studies that exploit variation in policies over space and time in the U.S. federal system. If state policy making is purposeful action, responsive to economic and political conditions within the state, then it is necessary to identify and control for the forces that lead to these policy changes. This paper investigates the implications of policy endogeneity for a specific policy context - workers' compensation benefits. We contrast different methods of estimation and their pros and cons in this context.},
  file = {/home/alex/Zotero/storage/5C2F55L8/Besley and Case - 2000 - Unnatural Experiments Estimating the Incidence of Endogenous Policies.pdf}
}

@article{bester2011,
  title = {Inference with Dependent Data Using Cluster Covariance Estimators},
  author = {Bester, C. Alan and Conley, Timothy G. and Hansen, Christian B.},
  date = {2011-12},
  journaltitle = {Journal of Econometrics},
  shortjournal = {Journal of Econometrics},
  volume = {165},
  number = {2},
  pages = {137--151},
  issn = {03044076},
  doi = {10.1016/j.jeconom.2011.01.007},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0304407611000431},
  urldate = {2024-03-05},
  abstract = {This paper presents an inference approach for dependent data in time series, spatial, and panel data applications. The method involves constructing t and Wald statistics using a cluster covariance matrix estimator (CCE). We use an approximation that takes the number of clusters/groups as fixed and the number of observations per group to be large. The resulting limiting distributions of the t and Wald statistics are standard t and F distributions where the number of groups plays the role of sample size. Using a small number of groups is analogous to ‘fixed-b’ asymptotics of Kiefer and Vogelsang (2002, 2005) (KV) for heteroskedasticity and autocorrelation consistent inference. We provide simulation evidence that demonstrates that the procedure substantially outperforms conventional inference procedures.},
  langid = {english},
  file = {/home/alex/Zotero/storage/RJXG4JHD/Bester et al. - 2011 - Inference with dependent data using cluster covari.pdf}
}
@report{bexfield2010,
  type = {Professional paper},
  title = {Conceptual {{Understanding}} and {{Groundwater Quality}} of {{Selected Basin-Fill Aquifers}} in the {{Southwestern United States}}},
  author = {Bexfield, Laura and Anderholm, Scott},
  date = {2010},
  series = {Professional {{Paper}}},
  number = {1781},
  pages = {288},
  institution = {United States Geological Survey},
  location = {Reston, Virginia},
  url = {https://pubs.usgs.gov/pp/1781/pdf/pp1781.pdf},
  urldate = {2024-12-02},
  langid = {english},
  file = {/home/alex/Zotero/storage/8BZFXNGV/2010 - Professional Paper.pdf}
}

@article{binswanger1980,
  title = {Attitudes {{Toward Risk}}: {{Experimental Measurement}} in {{Rural India}}},
  shorttitle = {Attitudes {{Toward Risk}}},
  author = {Binswanger, Hans P.},
  date = {1980},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {62},
  number = {3},
  pages = {395--407},
  issn = {1467-8276},
  doi = {10.2307/1240194},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.2307/1240194},
  urldate = {2024-05-26},
  abstract = {Attitudes toward risk were measured in 240 households using two methods: an interview method eliciting certainty equivalents and an experimental gambling approach with real payoffs which, at their maximum, exceeded monthly incomes of unskilled laborers. The interview method is subject to interviewer bias and its results were totally inconsistent with the experimental measures of risk aversion. Experimental measures indicate that, at high payoff levels, virtually all individuals are moderately risk-averse with little variation according to personal characteristics. Wealth tends to reduce risk aversion slightly, but its effect is not statistically significant.},
  langid = {english},
  keywords = {India,psychological experiments,risk aversion,semi-arid tropics},
  file = {/home/alex/Zotero/storage/3SYFCKPL/Binswanger - 1980 - Attitudes Toward Risk Experimental Measurement in.pdf;/home/alex/Zotero/storage/9V7IFD49/1240194.html}
}

@article{bondarev2020,
  title = {Energy {{Consumption}} of {{Bitcoin Mining}}},
  author = {Bondarev, Mikhail},
  date = {2020-05-16},
  journaltitle = {International Journal of Energy Economics and Policy},
  volume = {10},
  number = {4},
  pages = {525--529},
  issn = {2146-4553},
  url = {https://econjournals.com/index.php/ijeep/article/view/9276},
  urldate = {2022-05-09},
  abstract = {Blockchain is one of the most popular terms associated with changes in the technological paradigm-taking place within the framework of the so-called "fourth industrial revolution". The Proof of Work algorithm is used for process transactions and ensure security in the Bitcoin network. The paper aims energy consumption of bitcoin mining. It implies the need for a network participant to solve a certain cryptographic task with energy consumption and predetermined final time for its completion. The methodology includes the analysis of relationship between active, reactive and apparent power is determined by the phase angle between the current and voltage in the network, more precisely, with the cosine of this angle - cosÏ† (power factor news). A correctly solved task is accepted by the network and included in the public transaction register. The participant who first provided such a solution receives a block reward. The main finding is that the solution of the energy consumption problem by other network participants, an order of magnitude less time is required.Keywords:~ industrial mining farms, Bitcoin mining, power factor reactive power, reactive power compensatorsJEL Classifications: C30, D12, Q41, Q48DOI: https://doi.org/10.32479/ijeep.9276},
  issue = {4},
  langid = {english},
  file = {/home/alex/Zotero/storage/UMZFTQR7/Bondarev - 2020 - Energy Consumption of Bitcoin Mining.pdf}
}

@article{borusyak2021,
  title = {Revisiting {{Event Study Designs}}: {{Robust}} and {{Efficient Estimation}}},
  shorttitle = {Revisiting {{Event Study Designs}}},
  author = {Borusyak, Kirill and Jaravel, Xavier and Spiess, Jann},
  date = {2021},
  journaltitle = {IDEAS Working Paper Series from RePEc},
  publisher = {Federal Reserve Bank of St Louis},
  location = {St. Louis},
  url = {https://search.proquest.com/publiccontent/docview/2585910691?pq-origsite=primo},
  urldate = {2023-07-14},
  abstract = {A broad empirical literature uses "event study," or "difference-in-differences with staggered rollout," research designs for treatment effect estimation: settings in which units in the panel receive treatment at different times. We show a series of problems with conventional regression-based two-way fixed effects estimators, both static and dynamic. These problems arise when researchers conflate the identifying assumptions of parallel trends and no anticipatory effects, implicit assumptions that restrict treatment effect heterogeneity, and the specification of the estimand as a weighted average of treatment effects. We then derive the efficient estimator robust to treatment effect heterogeneity for this setting, show that it has a particularly intuitive "imputation" form when treatment-effect heterogeneity is unrestricted, characterize its asymptotic behavior, provide tools for inference, and illustrate its attractive properties in simulations. We further discuss appropriate tests for parallel trends, and show how our estimation approach extends to many settings beyond standard event studies.},
  langid = {english},
  keywords = {Trends}
}

@article{bouri2018,
  title = {Testing for Asymmetric Nonlinear Short- and Long-Run Relationships between Bitcoin, Aggregate Commodity and Gold Prices},
  author = {Bouri, Elie and Gupta, Rangan and Lahiani, Amine and Shahbaz, Muhammad},
  date = {2018-08},
  journaltitle = {Resources Policy},
  shortjournal = {Resources Policy},
  volume = {57},
  pages = {224--235},
  issn = {03014207},
  doi = {10.1016/j.resourpol.2018.03.008},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0301420718300163},
  urldate = {2023-02-05},
  abstract = {Unlike prior studies, this study examines the nonlinear, asymmetric and quantile effects of aggregate commodity index and gold prices on the price of Bitcoin. Using daily data from July 17, 2010 to February 2, 2017, we employed several advanced autoregressive distributed lag (ARDL) models. The nonlinear ARDL approach was applied to uncover short- and longrun asymmetries, whereas the quantile ARDL was applied to account for a second type of asymmetry, known as the distributional asymmetry according to the position of a dependent variable within its own distribution. Moreover, we extended the nonlinear ARDL to a quantile framework, leading to a richer new model, which allows testing for distributional asymmetry while accounting for short- and long-run asymmetries. Overall, our results indicate the possibility to predict Bitcoin price movements based on price information from the aggregate commodity index and gold prices. Importantly, we report the nuanced result that most often the relations between bitcoin and aggregate commodity, on the one hand, and between bitcoin and gold, on the other, are asymmetric, nonlinear, and quantiles-dependent, suggesting the need to apply non-standard cointegration models to uncover the complexity and hidden relations between Bitcoin and asset classes.},
  langid = {english},
  keywords = {Asymmetry,Bitcoin,Cointegration,Commodity,Gold,Nonlinearity,Quantile dependence},
  file = {/home/alex/Zotero/storage/UNFZZ9NK/Bouri et al. - 2018 - Testing for asymmetric nonlinear short- and long-r.pdf;/home/alex/Zotero/storage/TLVC9NFQ/S0301420718300163.html}
}

@article{bredehoeft1983,
  title = {Conjunctive Use of Groundwater and Surface Water for Irrigated Agriculture: {{Risk}} Aversion},
  shorttitle = {Conjunctive Use of Groundwater and Surface Water for Irrigated Agriculture},
  author = {Bredehoeft, John D. and Young, Robert A.},
  date = {1983},
  journaltitle = {Water Resources Research},
  volume = {19},
  number = {5},
  pages = {1111--1121},
  issn = {1944-7973},
  doi = {10.1029/WR019i005p01111},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1029/WR019i005p01111},
  urldate = {2024-05-08},
  abstract = {In examining the South Platte system in Colorado where surface water and groundwater are used conjunctively for irrigation, we find the actual installed well capacity is approximately sufficient to irrigate the entire area. This would appear to be an overinvestment in well capacity. In this paper we examine to what extent groundwater is being developed as insurance against periods of low streamflow. Using a simulation model which couples the hydrology of a conjunctive stream aquifer system to a behavioral-economic model which incorporates farmer behavior in such a system, we have investigated the economics of an area patterned after a reach of the South Platte Valley in Colorado. The results suggest that under current economic conditions the most reasonable groundwater pumping capacity is a total capacity capable of irrigating the available acreage with groundwater. Installing sufficient well capacity to irrigate all available acreage has two benefits: (1) this capacity maximizes the expected net benefits and (2) this capacity also minimizes the variation in annual income: it reduces the variance to essentially zero. As pumping capacity is installed in a conjunctive use system, the value of flow forecasts is diminished. Poor forecasts are compensated for by pumping groundwater.},
  langid = {english},
  file = {/home/alex/Zotero/storage/XZL3XUPL/Bredehoeft and Young - 1983 - Conjunctive use of groundwater and surface water f.pdf;/home/alex/Zotero/storage/N5A6V93V/wr019i005p01111.html}
}

@online{bredehoest1982,
  title = {Ground-Water Models, v.1: {{Concepts}}, Problems, and Methods of Analysis with Examples of Their Application - {{UNESCO Digital Library}}},
  author = {Bredehoest, John and Betzinski, P. and Cruickshank Villanueva, Carlos and family=Marsily, given=Ghislain, prefix=de, useprefix=true and Uzoma, J. U .},
  date = {1982},
  url = {https://unesdoc.unesco.org/ark:/48223/pf0000048909},
  urldate = {2024-05-08},
  file = {/home/alex/Zotero/storage/4YQ8BC2V/pf0000048909.html}
}

@article{brownjr.1972,
  title = {Economic Optimization of a Single-Cell Aquifer},
  author = {Brown, Gardner and Deacon, Robert},
  date = {1972},
  journaltitle = {Water Resources Research},
  volume = {8},
  number = {3},
  pages = {557--564},
  issn = {1944-7973},
  doi = {10.1029/WR008i003p00557},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1029/WR008i003p00557},
  urldate = {2023-07-07},
  abstract = {Optimal economic use of an aquifer over time is analyzed under conditions of economic growth, inequality of groundwater withdrawal and consumption, and availability of surface water and artificial recharge. The value of an aquifer as a natural water quality treatment facility is derived.},
  langid = {english},
  file = {/home/alex/Zotero/storage/RB5B9TJA/Brown Jr. and Deacon - 1972 - Economic optimization of a single-cell aquifer.pdf;/home/alex/Zotero/storage/8CGBBQQC/WR008i003p00557.html}
}

@article{brozovic2010,
  title = {On the Spatial Nature of the Groundwater Pumping Externality},
  author = {Brozović, Nicholas and Sunding, David L. and Zilberman, David},
  date = {2010-04-01},
  journaltitle = {Resource and Energy Economics},
  shortjournal = {Resource and Energy Economics},
  series = {Spatial {{Natural Resource}} and {{Environmental Economics}}},
  volume = {32},
  number = {2},
  pages = {154--164},
  issn = {0928-7655},
  doi = {10.1016/j.reseneeco.2009.11.010},
  url = {https://sciencedirect.com/science/article/pii/S0928765509000712},
  urldate = {2023-07-07},
  abstract = {Most existing economic analyses of optimal groundwater management use single-cell aquifer models, which assume that an aquifer responds uniformly and instantly to groundwater pumping. In this paper, we develop an economic model of groundwater management that explicitly incorporates spatial dynamic groundwater flow equations. Calibration of our model to published economic studies of specific aquifers demonstrates that existing studies generally incorrectly estimate the magnitude of the groundwater pumping externality relative to spatially explicit models. In particular, for large aquifers with surface areas of thousands of square miles, the marginal pumping externality predicted by single-cell models may be orders of magnitude less than that predicted by a spatially explicit model, even at large distances from a pumping well. Conversely, for small aquifers with areas of a few hundred square miles or less, single-cell models reasonably approximate the pumping externality. Application of single-cell models to inappropriate settings may result in misleading policy implications due to understatement of the magnitude and spatial nature of the groundwater externality.},
  langid = {english},
  keywords = {Common property resource,Dynamic optimization,Groundwater},
  file = {/home/alex/Zotero/storage/XF43XRQR/Brozović et al. - 2010 - On the spatial nature of the groundwater pumping e.pdf;/home/alex/Zotero/storage/JYZ4TYDF/S0928765509000712.html}
}

@article{buck2014,
  title = {Land {{Markets}} and the {{Value}} of {{Water}}: {{Hedonic Analysis Using Repeat Sales}} of {{Farmland}}},
  shorttitle = {Land {{Markets}} and the {{Value}} of {{Water}}},
  author = {Buck, Steven and Auffhammer, Maximilian and Sunding, David},
  date = {2014},
  journaltitle = {American journal of agricultural economics},
  volume = {96},
  number = {4},
  pages = {953--969},
  publisher = {Oxford University Press},
  issn = {0002-9092},
  doi = {10.1093/ajae/aau013},
  abstract = {The lack of robust water markets makes it difficult to value irrigation water. Because water rights are appurtenant to land, it is possible to infer the value of water from observed differences in the market price of land. We use panel data on repeat farmland sales in California's San Joaquin Valley to estimate a hedonic regression equation with parcel fixed effects. This controls for sources of omitted variables bias and allows us to recover the value of irrigation water to landowners in our sample. We show that a more traditional cross-sectional regression results in an artificially low value of irrigation water.},
  issue = {4},
  langid = {english},
  keywords = {Economic value ; Groundwater ; Agricultural prices ; Surface water ; Soil quality ; Irrigation water ; Land economics ; Farmlands ; Capitalized value ; Farming ; Supply and demand ; Usage ; Agricultural land ; Research},
  file = {/home/alex/Zotero/storage/2IK6H2Q5/Steven Buck et al. - 2014 - Land Markets and the Value of Water Hedonic Analy.pdf;/home/alex/Zotero/storage/VJJ9H4I2/Steven Buck et al. - 2014 - Land Markets and the Value of Water Hedonic Analy.pdf}
}

@article{burness1979,
  title = {Appropriative {{Water Rights}} and the {{Efficient Allocation}} of {{Resources}}},
  author = {Burness, H. Stuart and Quirk, James P.},
  date = {1979-03},
  journaltitle = {American Economic Review},
  volume = {69},
  number = {1},
  pages = {25-37},
  publisher = {American Economic Association},
  issn = {00028282},
  url = {https://jstor.org/stable/1802494},
  urldate = {2021-07-14},
  abstract = {This article examines the efficiency implications of the appropriative doctrine at a long-run competitive equilibrium under simplified assumptions as to the legal status of water rights in the U.S. Historically, water rights to surface water in the U.S. have developed under two distinct legal doctrines, the English common law notion of riparian rights and the appropriative doctrine. Generally speaking, the riparian doctrine forms the basis for water law in the eastern states, while the western states have adopted the appropriative doctrine. Under the riparian doctrine, each property owner fronting on a lake or stream has a right to the unimpaired use of the waterway, regardless of the location of his property along the waterway and regardless of the time at which the property is acquired or use made of the waterway.},
  keywords = {LAND tenure,LAW & legislation,RIPARIAN rights,UNITED States,WATER laws,WATER rights},
  file = {/home/alex/Zotero/storage/7WYD4DT8/Burness and Quirk - 1979 - Appropriative Water Rights and the Efficient Alloc.pdf}
}

@article{burness2001,
  title = {The Role for Policy in Common Pool Groundwater Use},
  author = {Burness, H.Stuart and Brill, Thomas C.},
  date = {2001-01},
  journaltitle = {Resource and Energy Economics},
  shortjournal = {Resource and Energy Economics},
  volume = {23},
  number = {1},
  pages = {19--40},
  issn = {09287655},
  doi = {10.1016/S0928-7655(00)00029-4},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0928765500000294},
  urldate = {2021-02-27},
  abstract = {We consider a model of intertemporal common pool groundwater use with substitutable irrigation technology and declining yields from groundwater stocks where pumping cost/stock externalities arise from the usual common property problem. We contrast competitive and optimal allocations and examine the role of substitutable irrigation capital vis-a-vis the effectuation of efficient methods as well as levels of resource use. A case study involving groundwater use in New Mexico illustrates the procedures and considers the efficacy of some simple policy options regarding the amelioration of inefficiencies. © 2001 Elsevier Science B.V. All rights reserved.},
  issue = {1},
  langid = {english},
  file = {/home/alex/Zotero/storage/TB8PKML9/Burness and Brill - 2001 - The role for policy in common pool groundwater use.pdf;/home/alex/Zotero/storage/WVNJ8QRQ/Burness and Brill - 2001 - The role for policy in common pool groundwater use.pdf}
}

@article{butsic2007,
  title = {Valuing {{Water Rights}} in {{Douglas County}}, {{Oregon}}, {{Using}} the {{Hedonic Price Method1}}},
  author = {Butsic, Van and Netusil, Noelwah R.},
  date = {2007},
  journaltitle = {JAWRA Journal of the American Water Resources Association},
  volume = {43},
  number = {3},
  pages = {622--629},
  issn = {1752-1688},
  doi = {10.1111/j.1752-1688.2007.00049.x},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1752-1688.2007.00049.x},
  urldate = {2024-02-08},
  abstract = {Abstract: This paper uses the hedonic price method to estimate the value of an acre-foot of irrigation water in Douglas County, Oregon. The analysis uses detailed information from 113 arms-length transactions of farmland for 2000 and 2001. The estimated willingness-to-accept of \$261 to sell an acre-foot of irrigation water is consistent with other studies and recent transactions in the study area. Estimates for the value of leasing water are provided using a range of discount rates and leasing periods.},
  langid = {english},
  keywords = {agriculture,economics,hedonic price method,instream flow,water right,water value},
  file = {/home/alex/Zotero/storage/SGJJPI9S/j.1752-1688.2007.00049.html}
}

@article{callaway2021,
  title = {Difference-in-{{Differences}} with Multiple Time Periods},
  author = {Callaway, Brantly and Sant’Anna, Pedro H. C.},
  date = {2021-12-01},
  journaltitle = {Journal of Econometrics},
  shortjournal = {Journal of Econometrics},
  series = {Themed {{Issue}}: {{Treatment Effect}} 1},
  volume = {225},
  number = {2},
  pages = {200--230},
  issn = {0304-4076},
  doi = {10.1016/j.jeconom.2020.12.001},
  url = {https://sciencedirect.com/science/article/pii/S0304407620303948},
  urldate = {2023-04-05},
  abstract = {In this article, we consider identification, estimation, and inference procedures for treatment effect parameters using Difference-in-Differences (DiD) with (i) multiple time periods, (ii) variation in treatment timing, and (iii) when the “parallel trends assumption” holds potentially only after conditioning on observed covariates. We show that a family of causal effect parameters are identified in staggered DiD setups, even if differences in observed characteristics create non-parallel outcome dynamics between groups. Our identification results allow one to use outcome regression, inverse probability weighting, or doubly-robust estimands. We also propose different aggregation schemes that can be used to highlight treatment effect heterogeneity across different dimensions as well as to summarize the overall effect of participating in the treatment. We establish the asymptotic properties of the proposed estimators and prove the validity of a computationally convenient bootstrap procedure to conduct asymptotically valid simultaneous (instead of pointwise) inference. Finally, we illustrate the relevance of our proposed tools by analyzing the effect of the minimum wage on teen employment from 2001–2007. Open-source software is available for implementing the proposed methods.},
  langid = {english},
  keywords = {Difference-in-Differences,Doubly robust,Dynamic treatment effects,Event study,Semi-parametric,Treatment effect heterogeneity,Variation in treatment timing},
  file = {/home/alex/Zotero/storage/3TN9AN63/Callaway and Sant’Anna - 2021 - Difference-in-Differences with multiple time perio.pdf;/home/alex/Zotero/storage/YAFNC2LT/S0304407620303948.html}
}

@article{carey2001,
  title = {Emerging {{Markets}} in {{Water}}: {{A Comparative Institutional Analysis}} of the {{Central Valley}} and {{Colorado-Big Thompson Projects}}},
  shorttitle = {Emerging {{Markets}} in {{Water}}},
  author = {Carey, Janis M. and Sunding, David L.},
  date = {2001},
  journaltitle = {Natural Resources Journal},
  shortjournal = {Nat. Resources J.},
  volume = {41},
  number = {2},
  pages = {283--328},
  url = {https://heinonline.org/HOL/P?h=hein.journals/narj41&i=305},
  urldate = {2024-12-02},
  langid = {english},
  file = {/home/alex/Zotero/storage/V9Z6YWWA/Carey and Sunding - 2001 - Emerging Markets in Water A Comparative Institutional Analysis of the Central Valley and Colorado-B.pdf}
}

@article{carlson1973,
  title = {Seasonal {{Farm Labor}} in the {{San Luis Valley}}},
  author = {Carlson, Alvar W.},
  date = {1973-03},
  journaltitle = {Annals of the Association of American Geographers},
  volume = {63},
  number = {1},
  pages = {97--108},
  publisher = {Taylor \& Francis Ltd.},
  issn = {00045608},
  url = {https://jstor.org/stable/2561953},
  urldate = {2021-02-27},
  abstract = {Specialty agriculture has been the mainstay of the agricultural economy of the San Luis Valley, Colorado. The dependence of Valley farmers upon thousands of local, intrastate, and interstate seasonal farm laborers is important in understanding the evolution of this agricultural region. Spanish-surname people have been available for farm labor since the early settlement of the Valley.},
  keywords = {Agriculture,Colorado,Migrant agricultural workers,New Mexico,Rural industries,San Luis Valley (Colo. & N.M.),United States},
  file = {/home/alex/Zotero/storage/3M9U864G/Carlson - 1973 - Seasonal Farm Labor in the San Luis Valley.pdf;/home/alex/Zotero/storage/LNMGNA38/Carlson - 1973 - Seasonal Farm Labor in the San Luis Valley.pdf}
}

@online{CCWCD2020,
  title = {{{CCWCD History}}},
  author = {{Central Colorado Water Conservancy District}},
  shortauthor = {{CCWCD}},
  date = {2020-05-08T22:20:42+00:00},
  url = {https://ccwcd.org/ccwcd-history/},
  urldate = {2021-03-02},
  abstract = {WHERE THE FUTURE FLOWS        The Central Colorado Water Conservancy District was formed in 1965, and is a political subdivision of the State of Colorado. The District covers approximately 475,000 acres, and was formed under the Water Conservancy Act of 1937. The mission statement of Central},
  langid = {american},
  organization = {Central Colorado Water Conservancy District},
  file = {/home/alex/Zotero/storage/38I5MUDN/ccwcd-history.html;/home/alex/Zotero/storage/ADXL98KU/ccwcd-history.html;/home/alex/Zotero/storage/L8WDUTHK/ccwcd-history.html;/home/alex/Zotero/storage/T9DLDBCT/ccwcd-history.html;/home/alex/Zotero/storage/V3FWBPDQ/ccwcd-history.html}
}

@online{centralcoloradowaterconservancydistrict2023,
  type = {CCWCD Where the Future Flows},
  title = {{{CCWCD History}}},
  author = {{Central Colorado Water Conservancy District}},
  shortauthor = {{CCWCD}},
  date = {2023-12-29T17:15:47+00:00},
  url = {https://ccwcd.org/about-us-2/},
  urldate = {2021-01-01},
  abstract = {ABOUT US          OUR NAME  Central Colorado Water Conservancy District is known by several names, which are often used interchangeably. These are those most common:  	Central Colorado Water  	CCWCD  	Central Colorado Water Conservancy District  To make things even more confusing; we},
  langid = {american},
  organization = {Central Colorado Water Conservancy District},
  file = {/home/alex/Zotero/storage/9CK24B6C/about-us-2.html}
}

@online{centralcoloradowaterconservancydistrict2024,
  title = {{{WAS}} Well Augmentation Subdistrict},
  author = {{Central Colorado Water Conservancy District}},
  shortauthor = {{CCWCD}},
  date = {2024-01-02T18:32:48+00:00},
  url = {https://ccwcd.org/was/},
  urldate = {2024-09-26},
  abstract = {WAS  well augmentation subdistrict     The WAS quota for the 2024 - 2025 water season was set at 65\% at the March 19, 2024 Board Meeting.      CREATED in 2004, the Well Augmentation Subdistrict (WAS) has been through many battles. The story began in 1969 when},
  langid = {american},
  organization = {Central Colorado Water Conservancy District},
  file = {/home/alex/Zotero/storage/BAD4N2Y9/was.html}
}

@online{chiang2023,
  title = {Standard Errors for Two-Way Clustering with Serially Correlated Time Effects},
  author = {Chiang, Harold D. and Hansen, Bruce E. and Sasaki, Yuya},
  date = {2023-12-13},
  eprint = {2201.11304},
  eprinttype = {arXiv},
  eprintclass = {econ},
  doi = {10.48550/arXiv.2201.11304},
  url = {http://arxiv.org/abs/2201.11304},
  urldate = {2024-09-25},
  abstract = {We propose improved standard errors and an asymptotic distribution theory for two-way clustered panels. Our proposed estimator and theory allow for arbitrary serial dependence in the common time effects, which is excluded by existing two-way methods, including the popular two-way cluster standard errors of Cameron, Gelbach, and Miller (2011) and the cluster bootstrap of Menzel (2021). Our asymptotic distribution theory is the first which allows for this level of inter-dependence among the observations. Under weak regularity conditions, we demonstrate that the least squares estimator is asymptotically normal, our proposed variance estimator is consistent, and t-ratios are asymptotically standard normal, permitting conventional inference. We present simulation evidence that confidence intervals constructed with our proposed standard errors obtain superior coverage performance relative to existing methods. We illustrate the relevance of the proposed method in an empirical application to a standard Fama-French three-factor regression.},
  pubstate = {prepublished},
  keywords = {Economics - Econometrics},
  file = {/home/alex/Zotero/storage/UHNK7AQ6/Chiang et al. - 2023 - Standard errors for two-way clustering with serially correlated time effects.pdf;/home/alex/Zotero/storage/4EVQKFST/2201.html}
}

@jurisdiction{coats2003,
  title = {{{Moyer}} v. {{Empire lodge homeowners association}}},
%  author = {Coats, Nathan},
  date = {2003-10-20},
  citation = {{Supreme Court of Colorado, 02SA220}},
  number = {02SA220},
  institution = {Supreme Court of Colorado},
  url = {https://caselaw.findlaw.com/court/co-supreme-court/1262144.html},
  urldate = {2024-03-18},
  abstract = {Case opinion for CO Supreme Court MOYER v. EMPIRE LODGE HOMEOWNERS ASSOCIATION. Read the Court's full decision on FindLaw.},
  langid = {american},
  file = {/home/alex/Zotero/storage/JS8WBUSC/1262144.html}
}

@article{cobourn2015,
  title = {Externalities and {{Simultaneity}} in {{Surface Water}}‐{{Groundwater Systems}}: {{Challenges}} for {{Water Rights Institutions}}},
  shorttitle = {Externalities and {{Simultaneity}} in {{Surface Water}}‐{{Groundwater Systems}}},
  author = {Cobourn, Kelly M.},
  date = {2015-04},
  journaltitle = {American Journal of Agricultural Economics},
  shortjournal = {American Journal of Agricultural Economics},
  volume = {97},
  number = {3},
  pages = {786--808},
  issn = {0002-9092, 1467-8276},
  doi = {10.1093/ajae/aav001},
  url = {https://onlinelibrary.wiley.com/doi/10.1093/ajae/aav001},
  urldate = {2023-07-24},
  langid = {english},
  file = {/home/alex/Zotero/storage/VZ5EZNZI/Cobourn - 2015 - Externalities and Simultaneity in Surface Water‐Gr.pdf}
}

@article{cody2015,
  title = {Emergence of {{Collective Action}} in a {{Groundwater Commons}}: {{Irrigators}} in the {{San Luis Valley}} of {{Colorado}}},
  shorttitle = {Emergence of {{Collective Action}} in a {{Groundwater Commons}}},
  author = {Cody, Kelsey and Smith, Steven and Cox, Michael and Andersson, Krister},
  date = {2015-02-12},
  journaltitle = {Society and Natural Resources},
  shortjournal = {Society and Natural Resources},
  doi = {10.1080/08941920.2014.970736},
  abstract = {Under what conditions are irrigators able to develop adaptive governance arrangements? This paper addresses this question by developing an empirically-grounded theory of self-governance of a snowmelt commons in Southern Colorado. Drawing on previous work in collective action and institutional theory, we argue that self-regulation of the hydro-commons is driven by changes in shared user perceptions with regards to the salience and scarcity of the resource, as well as the perceived probability of salvaging the resource system. We further posit that several conditioning factors affect the likelihood of effective local responses, including the existing institutional arrangements for self-governance, techno-institutional complementarities, and vested interests. We test and refine our theoretical argument by conducting a historical analysis of regional responses to hydrological, social, and institutional disturbances in Colorado’s San Luis Valley.},
  file = {/home/alex/Zotero/storage/IKWUFJCM/Cody et al. - 2015 - Emergence of Collective Action in a Groundwater Co.pdf;/home/alex/Zotero/storage/Z66QLQJ2/Cody et al. - 2015 - Emergence of Collective Action in a Groundwater Co.pdf}
}

@thesis{cody2018,
  title = {Institutions of {{Self-Governing Irrigation Systems}} and {{Climate Change Adaptation}} in the {{Upper Rio Grande Basin}}},
  author = {Cody, Kelsey Charles},
  date = {2018},
  institution = {ProQuest Dissertations \& Theses},
  url = {https://proquest.com/docview/2165479652/abstract/},
  urldate = {2024-09-25},
  abstract = {Self-governed irrigation systems cover about three quarters of global irrigated cropland, are essential to meeting global food security, and are threatened by climate change. Maintaining and improving irrigation performance depends on institutions, the rules, norms, and strategies used to organize economic behavior. However, the influence of institutions on irrigation performance is ambiguous and context dependent, as the shortcomings of decades of “panaceas” have shown. Therefore, for the benefit of academics, policy-makers, water managers, and irrigators alike, this dissertation asks the question: how do rules interact with context—specifically, biophysical context, other rules, and cultural norms—to influence irrigation performance in self-governing irrigation systems under climate change? To answer this question, the following chapters investigate three essential institutional features of irrigation systems and other long-lived common pool resource regimes: de facto access rights, allocation and distribution rules, and monitoring rules. The empirical chapters use original data to investigate the Upper Rio Grande Basin of North America, where Spanish and American self-governing irrigation systems have been adapting snowmelt-driven irrigation to a high desert valley for over 350 and 150 years, respectively, and have recently faced signals of climate change. Following the Institutional Analysis and Development framework and Common Pool Resource theory, this dissertation develops three arguments. First, de facto Prior Appropriation water rights are a reliably strong influence on irrigation performance, but they significantly interact with biophysical context such that de facto water rights have little to no influence. Second, during water scarcity, rules for flexible water allocation and rotational water distribution interact with each other and with water availability to influence irrigation performance differently at different locations within an irrigation system, with implications for inequality and continued collective action. Third, historical selection pressures are associated with institutional and technological features of irrigation systems and internalized norms. These norms interact with monitoring rules to influence the amount and equality of crop production and can conflict with water allocation rules in ways that harm performance in scarcity. Collectively, these arguments highlight the importance of a contextual, diagnostic approach to policy change and the need for further investigation into self-governing irrigation systems under long-term and accelerating climate change.},
  isbn = {9780438767553},
  langid = {english},
  keywords = {Political planning,Public policy}
}

@article{cody2019,
  title = {The Evolution of Norms and Their Influence on Performance among Self-Governing Irrigation Systems in the {{Southwestern United States}}},
  author = {Cody, Kelsey},
  date = {2019-04-25},
  journaltitle = {International Journal of the Commons},
  shortjournal = {Int J Commons},
  volume = {13},
  number = {1},
  pages = {578},
  issn = {1875-0281},
  doi = {10.18352/ijc.910},
  url = {https://thecommonsjournal.org/article/10.18352/ijc.910/},
  urldate = {2024-02-06},
  abstract = {Irrigation is important for global food supply and is vulnerable to climate change. Internalized cultural norms are important for the performance of Common Pool Resource (CPR) regimes such as irrigation systems, but much is unknown about the role of norms in shaping irrigation performance. This paper applies multi-level selection (MLS) theory and CPR theory to a stratified, semirandom sample of 71 irrigation systems of distinct cultural origins in the Upper Rio Grande Basin of the United States to test hypotheses related to the role of norms in irrigation system form and function. Results show that internalized norms of cooperation are strongly associated with the rules and technologies adopted by irrigators, the frequency of water use violations, average crop production, and the equality of crop production. Systems with internalized norms of cooperation have adopted rules and technologies which are associated with increased care for the commons, public goods, and higher equality between irrigators. Further, agents designated as monitors of CPR use have different effects depending on whether irrigators possess cooperative or competitive norms. Notably, the presence of monitors that enforce rules that are incongruent with norms is associated with increased water use violations and lower average crop production. These findings add weight to the growing body of work giving greater attention to cultural context when analyzing user-governed CPR regimes and climate resilience, and further illustrate the compatibility of MLS theory with other prevailing theories in CPR research.},
  langid = {english},
  file = {/home/alex/Zotero/storage/B3373H8Y/Cody - 2019 - The evolution of norms and their influence on perf.pdf}
}

@article{coglianese2017,
  title = {Anticipation, {{Tax Avoidance}}, and the {{Price Elasticity}} of {{Gasoline Demand}}},
  author = {Coglianese, John and Davis, Lucas W. and Kilian, Lutz and Stock, James H.},
  date = {2017},
  journaltitle = {Journal of Applied Econometrics},
  volume = {32},
  number = {1},
  pages = {1--15},
  issn = {1099-1255},
  doi = {10.1002/jae.2500},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1002/jae.2500},
  urldate = {2023-02-26},
  abstract = {Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this approach tends to yield implausibly large price elasticities. We demonstrate that anticipatory behavior provides an important explanation for this result. Gasoline buyers increase purchases before tax increases and delay purchases before tax decreases, rendering the tax instrument endogenous. Including suitable leads and lags in the regression restores the validity of the IV estimator, resulting in much lower elasticity estimates. Copyright © 2016 John Wiley \& Sons, Ltd.},
  langid = {english},
  file = {/home/alex/Zotero/storage/2EKKNAE5/Coglianese et al. - 2017 - Anticipation, Tax Avoidance, and the Price Elastic.pdf;/home/alex/Zotero/storage/UN2SR4VN/jae.html}
}

@article{crouter1987,
  title = {Hedonic {{Estimation Applied}} to a {{Water Rights Market}}},
  author = {Crouter, Jan P.},
  date = {1987-08},
  journaltitle = {Land Economics},
  shortjournal = {Land Economics},
  volume = {63},
  number = {3},
  pages = {259},
  publisher = {University of Wisconsin Press},
  issn = {00237639},
  doi = {10.2307/3146835},
  url = {https://jstor.org/stable/3146835},
  urldate = {2021-02-26},
  abstract = {Much of the current literature on water rights is concerned with the efficiency of water allocations where there are legal and institutional constraints on water rights trades. Economists have argued that such constraints prohibit water from moving to its socially highest valued uses and hence, that the allocation of water under these restrictions is inefficient. On the other hand, if water rights associated with a certain parcel of farm real estate could be sold separately from the land in a perfectly competitive market, the allocation of water would be efficient. The past attempts to examine and compare the efficiency of water rights markets have been qualitative. This paper provides a quantitative basis for assessing the efficiency of a regional water rights market. In the absence of externalities and public goods problems, water rights markets, which are separate from land markets and in which arbitrage yields a competitive price system, may be termed efficient in allocating water. The questions of seperability and competitiveness are analyzed empirically by estimating the hedonic price function for farm real estate. Such a function relates a parcel's selling price to its attributes: quantities of land and water, value of improvements, and location.},
  keywords = {Competition,Economics,Externalities,Pricing,Water laws,Water rights},
  file = {/home/alex/Zotero/storage/5X4BHLQF/Crouter - 1987 - Hedonic Estimation Applied to a Water Rights Marke.pdf;/home/alex/Zotero/storage/U8YBGR2K/Crouter - 1987 - Hedonic Estimation Applied to a Water Rights Marke.pdf}
}

@article{dai2022,
  title = {An {{Assessment}} of the {{Impact}} of {{Natural Resource Price}} and {{Global Economic Policy Uncertainty}} on {{Financial Asset Performance}}: {{Evidence From Bitcoin}}},
  shorttitle = {An {{Assessment}} of the {{Impact}} of {{Natural Resource Price}} and {{Global Economic Policy Uncertainty}} on {{Financial Asset Performance}}},
  author = {Dai, Maoyu and Qamruzzaman, Md and Hamadelneel Adow, Anass},
  date = {2022},
  journaltitle = {Frontiers in environmental science},
  volume = {10},
  publisher = {Frontiers Media S.A},
  issn = {2296-665X},
  doi = {10.3389/fenvs.2022.897496},
  abstract = {The aim of this study is to gauge the impact of global economic policy uncertainty and natural resource prices, that is, oil prices and gold prices, on Bitcoin returns by using monthly data spanning from May 2013 to December 2021. The study applies ARDL and nonlinear ARDL for evaluating the symmetric and asymmetric effects of Global Economic Uncertainty (GU), oil price (O), and natural gas price on Bitcoin volatility investigated by using the ARCH-GARCH-ERAGCH and non-granger causality test. ARDL model estimation establishes a long-run cointegration between GU, O, G, and Bitcoin. Moreover, GU and oil price exhibits a negative association with Bitcoin and positive influences running from gold price shock to Bitcoin in the long run. NARDL results ascertain the long-run asymmetric relations between GU, oil price, gold price (G), and Bitcoin return. Furthermore, GU’s asymmetric effect and positive shock in gold price negatively linked to Bitcoin return in the long run, whereas asymmetric shock in oil price and negative shocks in gold price established a positive linkage with Bitcoin. The results of ARCH effects disclose the volatility persistence in the variables. The causality test reveals that the feedback hypothesis explains the causal effects between GU and Bitcoin and unidirectional causality running from Bitcoin to gold price and oil price to Bitcoin.},
  langid = {english},
  keywords = {ARDL,Bitcoin,global economic uncertainty,gold price,NARDL,oil price},
  file = {/home/alex/Zotero/storage/4SLWDSGQ/Dai et al. - 2022 - An Assessment of the Impact of Natural Resource Pr.pdf}
}

@article{dailey2022,
  entrysubtype = {newspaper},
  title = {A Major Oil Company Is Selling Gas to Bitcoin Miners in {{North Dakota}} Instead of Burning off Excess Supply},
  author = {Dailey, Natasha},
  date = {2022-11-06},
  journaltitle = {Markets Insider},
  url = {https://markets.businessinsider.com/news/currencies/conocophillips-sells-natural-gas-north-dakota-bitcoin-miners-bakken-shale-2022-2},
  urldate = {2023-02-11},
  abstract = {The sale to third-party miners is part of ConocoPhillips' goal to reach zero routine gas flaring by 2025.},
  langid = {american},
  file = {/home/alex/Zotero/storage/WQECGZWL/conocophillips-sells-natural-gas-north-dakota-bitcoin-miners-bakken-shale-2022-2.html}
}

@article{daniels2010,
  title = {Understanding the Impacts of {{Costa Rica}}'s {{PES}}: {{Are}} We Asking the Right Questions?},
  shorttitle = {Understanding the Impacts of {{Costa Rica}}'s {{PES}}},
  author = {Daniels, Amy E. and Bagstad, Kenneth and Esposito, Valerie and Moulaert, Azur and Rodriguez, Carlos Manuel},
  date = {2010-09},
  journaltitle = {Ecological Economics},
  shortjournal = {Ecological Economics},
  volume = {69},
  number = {11},
  pages = {2116--2126},
  issn = {09218009},
  doi = {10.1016/j.ecolecon.2010.06.011},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0921800910002363},
  urldate = {2023-07-21},
  abstract = {PES is an increasingly mainstream tool for influencing land-use decisions on private land and Costa Rica's experience provides critical insight. We review findings of PES impacts on forest cover, a proxy for forestbased ecosystem services. National studies conclude that PES has not lowered deforestation rates. Yet in northern Costa Rica, there is evidence of additionality for PES-related avoided deforestation. Moreover, subnational studies of bi-directional forest cover change, along with farm-level interview data and an understanding of ground-based operations, demonstrate that avoided deforestation is an incomplete measure of PES impact. Sub-national case studies suggest PES is associated with agricultural abandonment and net gains in forest cover via forest regeneration and plantation establishment. Explanations include that forest regeneration has always been an accepted PES modality for some regions. Also, early PES cohorts have an implicit spatial correlation with pre-PES incentives focusing exclusively on reforestation. Without understanding de facto PES implementation, it is impossible to appropriately evaluate PES impacts or discern whether PES outcomes—positive or negative—are due to PES design or its implementation. This distinction is critical in refining our understanding of both the utility and limitations of PES and has some practical implications for PES-style REDD initiatives.},
  langid = {english},
  file = {/home/alex/Zotero/storage/935VWFKG/Daniels et al. - 2010 - Understanding the impacts of Costa Rica's PES Are.pdf}
}

@online{danielsson2021,
  title = {What Happens If Bitcoin Succeeds?},
  author = {Danielsson, Jon},
  date = {2021-02-26},
  url = {https://cepr.org/voxeu/columns/what-happens-if-bitcoin-succeeds},
  urldate = {2023-02-11},
  abstract = {As the price of~bitcoin~continues to rise, this column argues that most of us would not want to live in a society where bitcoin succeeds. Fortunately, the internal contradictions and perverse consequences of~cryptocurrencies' success mean that they are destined for failure. Until then, it might make sense for speculators to ride the cryptocurrency bubble, so long as they get out in time.},
  langid = {english},
  organization = {CEPR},
  file = {/home/alex/Zotero/storage/D5LRVDGJ/what-happens-if-bitcoin-succeeds.html}
}

@article{dechaisemartin2020,
  title = {Two-{{Way Fixed Effects Estimators}} with {{Heterogeneous Treatment Effects}}},
  author = {De Chaisemartin, Clément and D’Haultfœuille, Xavier},
  date = {2020-09-01},
  journaltitle = {American Economic Review},
  shortjournal = {American Economic Review},
  volume = {110},
  number = {9},
  pages = {2964--2996},
  issn = {0002-8282},
  doi = {10.1257/aer.20181169},
  url = {https://pubs.aeaweb.org/doi/10.1257/aer.20181169},
  urldate = {2023-07-14},
  abstract = {Linear regressions with period and group fixed effects are widely used to estimate treatment effects. We show that they estimate weighted sums of the average treatment effects (ATE ) in each group and period, with weights that may be negative. Due to the negative weights, the linear regression coefficient may for instance be negative while all the ATEs are positive. We propose another estimator that solves this issue. In the two applications we revisit, it is significantly different from the linear regression estimator. (JEL C21, C23, D72, J31, J51, L82)},
  langid = {english},
  file = {/home/alex/Zotero/storage/MGXVB3VV/De Chaisemartin and D’Haultfœuille - 2020 - Two-Way Fixed Effects Estimators with Heterogeneou.pdf}
}

@report{dieter2018,
  type = {Circular},
  title = {Estimated {{Use}} of {{Water}} in the {{United States}} in 2015},
  author = {Dieter, Cheryl and Maupin, Molly and Caldwell, Rodney and Harris, Melissa and Ivahnenko, Tamara and Lovelace, John and Barber, Nancy and Linsey, Kristin},
  date = {2018},
  series = {Circular},
  institution = {United States Geological Survey},
  url = {https://pubs.usgs.gov/circ/1441/circ1441.pdf},
  langid = {english},
  file = {/home/alex/Zotero/storage/YCY7NVFM/2018 - Circular.pdf}
}

@article{drysdale2018,
  title = {Adaptation to an Irrigation Water Restriction Imposed through Local Governance},
  author = {Drysdale, Krystal M. and Hendricks, Nathan P.},
  date = {2018-09-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {91},
  pages = {150--165},
  issn = {0095-0696},
  doi = {10.1016/j.jeem.2018.08.002},
  url = {https://sciencedirect.com/science/article/pii/S0095069617304345},
  urldate = {2021-02-27},
  abstract = {We estimate how farmers adapted to a water restriction imposed through local governance. The restriction imposed a uniform quota on water use with a 5-year allocation and allowed trading of the quota within the restricted area. Our analysis exploits unique micro-level data on irrigated water use, irrigated acreage, and crops. We use a difference-in-differences econometric strategy that also includes farmer-time fixed effects to estimate the response to the restriction, where we exploit water rights between 2 and 5 miles of the policy boundary as a control group. Results indicate that farmers reduced water use by 26\% due to the policy with most of the response due to reductions in water use intensity on the same crops rather than through reductions in irrigated acreage or changes in crops. The results imply that the short-run welfare impact of the policy was smaller than a policy that reduces irrigated acreage.},
  langid = {english},
  file = {/home/alex/Zotero/storage/B64R5LZL/Drysdale and Hendricks - 2018 - Adaptation to an irrigation water restriction impo.pdf;/home/alex/Zotero/storage/VWGJBXQ6/Drysdale and Hendricks - 2018 - Adaptation to an irrigation water restriction impo.pdf;/home/alex/Zotero/storage/N4SV8WKH/S0095069617304345.html}
}

@article{edwards2016,
  title = {What {{Lies Beneath}}? {{Aquifer Heterogeneity}} and the {{Economics}} of {{Groundwater Management}}},
  shorttitle = {What {{Lies Beneath}}?},
  author = {Edwards, Eric C.},
  date = {2016-06},
  journaltitle = {Journal of the Association of Environmental and Resource Economists},
  volume = {3},
  number = {2},
  pages = {453--491},
  publisher = {The University of Chicago Press},
  issn = {2333-5955},
  doi = {10.1086/685389},
  url = {https://journals.uchicago.edu/doi/full/10.1086/685389},
  urldate = {2023-06-26},
  abstract = {This paper examines the distribution of economic benefits from groundwater management as a consequence of underlying aquifer characteristics. The portions of an aquifer where water moves rapidly, those with high hydraulic conductivity, as well as those that receive less yearly recharge, face a more costly common-pool problem and therefore receive higher benefits from management. The introduction of management districts in Kansas is used to test the effect of underlying aquifer characteristics on changes in agricultural land value, farm size, and crop choice. A landowner in a county with hydraulic conductivity one standard deviation higher sees a relative land value increase of 5\%–8\% when management is implemented. Counties with lower recharge also see relative increases in land value. Changes in farm size and percentage of cropland in corn are also consistent with the proposition that the effect of management is unequal and depends on properties of the physical system.},
  keywords = {Common-pool resources,D70,Groundwater,Property rights,Q15,Q25,Q56},
  file = {/home/alex/Zotero/storage/T2LDKFN2/Edwards - 2016 - What Lies Beneath Aquifer Heterogeneity and the E.pdf}
}

@article{edwards2021,
  title = {The {{Economics}} of {{Groundwater Governance Institutions}} across the {{Globe}}},
  author = {Edwards, Eric C. and Guilfoos, Todd},
  date = {2021},
  journaltitle = {Applied Economic Perspectives and Policy},
  volume = {43},
  number = {4},
  pages = {1571--1594},
  issn = {2040-5804},
  doi = {10.1002/aepp.13088},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1002/aepp.13088},
  urldate = {2024-05-08},
  abstract = {This article provides an economic framework for understanding the emergence and purpose of groundwater governance across the globe. We examine ten basins located on six continents via an integrated assessment along three dimensions: characteristics of the groundwater resource; externality problems; and governance institutions. Groundwater governance addresses local externalities to balance the benefits of reducing common pool losses with the costs of doing so. While broad, basin-wide solutions to open access pumping are limited, spatially localized externality problems raise the benefits of management actions, allowing for the implementation of more stringent pumping controls in certain areas.},
  langid = {english},
  keywords = {Externalities,Governance,Groundwater,Institutions,Irrigation,Q25,Q28},
  file = {/home/alex/Zotero/storage/FIPTVCJU/Edwards and Guilfoos - 2021 - The Economics of Groundwater Governance Institutio.pdf;/home/alex/Zotero/storage/YKGXMGWQ/aepp.html}
}

@thesis{ekpe2021,
  title = {Pumping {{Fees}} and {{Spillovers}} in the {{Groundwater Commons}}: {{An Evaluation}} of a {{Conservation Tool}} and {{Irrigator Competitive Behavior}}},
  shorttitle = {Pumping {{Fees}} and {{Spillovers}} in the {{Groundwater Commons}}},
  author = {Ekpe, Godwin Kwabla},
  date = {2021},
  institution = {ProQuest Dissertations Publishing},
  url = {https://search.proquest.com/docview/2555626198?pq-origsite=primo},
  urldate = {2023-07-07},
  abstract = {My dissertation examines the effectiveness of pumping fees in groundwater commons agricultural irrigation as a conservation tool in the presence of varying water scarcity levels and spatial interdependence among irrigators. The first chapter provides a brief overview of three important areas of groundwater commons irrigation addressed in this dissertation. The second chapter’s objectives are two-fold. First, I review the common-pool resources literature relative to concerns of sustainable extraction and implementation of conservation policies focusing on pricing incentives in the management of groundwater commons where irrigators share the same underlying aquifer. Second, I introduce a theoretical model involving incorporating a non-constant marginal cost of water dependent on a Pigouvian tax anddepth to water as cost-metric water scarcity measure into a multi-crop agricultural production theoretical model. This model motivates the empirical investigation of how irrigators are impacted differently by implementation of a conservation fee designed as a constant per unit water withdrawal (pumping) tax, based on the varying levels of scarcity they are con-fronted with. The third chapter describes the data and the sources of the data used in the dissertation as well as the implementation of a pumping fee in San Luis Valley of Colorado, the study region. In the fourth chapter, I present and estimate an empirical model motivated by the theoretical model of Chapter 2. The empirical investigation reveals that irrigators are impacted differently by the pumping fee based on the varying levels of scarcity they are face with. The fifth chapter builds on the analysis in the fourth chapter. Having established differential effects of the pumping fee on irrigators based on scarcity levels, I proceed to investigate how this might affect the distributional efficiency of this pricing policy. I categorize irrigators into two groups—low water-stress severity and high water-stress severity statuses – based on whether they have faced continuous scarcity for at least two successive irrigation or growing seasons. I interact this dummy variable with the pumping fee policy variable and conduct a panel quantile regression analysis. The result of this chapter shows that severely water-stressed irrigators with low pumping levels bear a disproportionate portion of the pumping tax burden, suggesting that a constant per unit pumping fee is regressive and may not be distributionally efficient in addressing conservation in groundwater commons in the long run. In the sixth chapter, I adopt a game theoretic approach, modelling possible interaction among irrigating units, to investigate the strategic responses of these irrigating units. Irrigating units may alter their irrigating habits in response to changes in irrigation choices and other farming input decisions by neighbors. I estimate Spatial Durbin Models, includinga Spatial Durbin fractional Probit model to explore whether spillover effects exist among irrigating units in terms of water use intensity, acreage size choice and production (land) use intensity. I control for the pumping fee, surface water use, depth to water levels (scarcity), types and acres of crops cultivated, and other irrigating unit specific characteristics, including their spatially lagged counterparts. The results indicate that in determining the amount of water use intensity, acreage size choices, and production intensity, irrigating units consider the choices of neighbors, with the strength of spatial dependency being highest for production intensity. Additionally, there are significant spillover (indirect) effects from changes in key covariates that show inadequacy of estimating only direct effects.},
  isbn = {9798516959134},
  langid = {english},
  keywords = {Adjustment,Agricultural economics,Agriculture,Aquifers,Climate Change,Competition,Drought,Economics,Efficiency,Environmental economics,Estimates,Fees & charges,Groundwater,Irrigation,Variables,Water Resources Management,Water shortages},
  file = {/home/alex/Zotero/storage/EC424HFP/Ekpe - 2021 - Pumping Fees and Spillovers in the Groundwater Com.pdf}
}

@article{engel2008,
  title = {Designing Payments for Environmental Services in Theory and Practice: {{An}} Overview of the Issues},
  shorttitle = {Designing Payments for Environmental Services in Theory and Practice},
  author = {Engel, Stefanie and Pagiola, Stefano and Wunder, Sven},
  date = {2008-05},
  journaltitle = {Ecological Economics},
  shortjournal = {Ecological Economics},
  volume = {65},
  number = {4},
  pages = {663--674},
  issn = {09218009},
  doi = {10.1016/j.ecolecon.2008.03.011},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0921800908001420},
  urldate = {2023-07-18},
  abstract = {Payments for environmental services (PES) have attracted increasing interest as a mechanism to translate external, non-market values of the environment into real financial incentives for local actors to provide environmental services (ES). In this introductory paper, we set the stage for the rest of this Special Issue of Ecological Economics by reviewing the main issues arising in PES design and implementation and discussing these in the light of environmental economics. We start with a discussion of PES definition and scope. We proceed to review some of the principal dimensions and design characteristics of PES programs and then analyze how PES compares to alternative policy instruments. Finally, we examine in detail two important aspects of PES programs: their effectiveness and their distributional implications.},
  langid = {english},
  file = {/home/alex/Zotero/storage/D73IYQ4S/Engel et al. - 2008 - Designing payments for environmental services in t.pdf}
}

@article{erdos2012,
  title = {Have Oil and Gas Prices Got Separated?},
  author = {Erdős, Péter},
  date = {2012-10-01},
  journaltitle = {Energy Policy},
  shortjournal = {Energy Policy},
  series = {Special {{Section}}: {{Fuel Poverty Comes}} of {{Age}}: {{Commemorating}} 21 {{Years}} of {{Research}} and {{Policy}}},
  volume = {49},
  pages = {707--718},
  issn = {0301-4215},
  doi = {10.1016/j.enpol.2012.07.022},
  url = {https://sciencedirect.com/science/article/pii/S0301421512006039},
  urldate = {2022-10-13},
  abstract = {This paper applies vector error correction models that show that oil and natural gas prices decoupled around 2009. Before 2009, US and UK gas prices had a long-term equilibrium with crude prices to which gas prices always reverted after exogenous shocks. Both US and UK gas prices adjusted to the crude oil price individually, and departure from the equilibrium gas price on one continent resulted in a similar departure on the other. After an exogenous shock, the adjustment between US and UK gas prices took approximately 20 weeks on average, and the convergence was mediated mainly by crude oil with a necessary condition that arbitrage across the Atlantic was possible. After 2009, however, the UK gas price has remained integrated with oil price, but the US gas price decoupled from crude oil price and the European gas price, as the Atlantic arbitrage has halted. The oversupply from shale gas production has not been mitigated by North American export, as there has been no liquefying and export capacity.},
  langid = {english},
  keywords = {Atlantic arbitrage,Gas prices,Oil prices},
  file = {/home/alex/Zotero/storage/MKFS3IQ4/Erdős - 2012 - Have oil and gas prices got separated.pdf;/home/alex/Zotero/storage/64HZM5PP/S0301421512006039.html}
}

@article{esmaeili2011,
  title = {Valuation of Irrigation Water in {{South-western Iran}} Using a Hedonic Pricing Model},
  author = {Esmaeili, Abdoulkarim and Shahsavari, Zahra},
  date = {2011-12},
  journaltitle = {Applied Water Science},
  volume = {1},
  number = {3-4},
  pages = {119--124},
  publisher = {Springer Nature B.V.},
  location = {Heidelberg, Netherlands},
  issn = {21905487},
  url = {https://proquest.com/docview/1840811168?pq-origsite=primo&sourcetype=Scholarly%20Journals},
  urldate = {2024-12-02},
  abstract = {Population growth, improved socioeconomic conditions, increased demand for various types of water use, and a reduction in water supply has created more competition for scarce water supplies leveling many countries. Efficient allocation of water supplies between different economic sectors is therefore very important. Water valuation is a useful tool to determine water price. Water pricing can play a major part in improving water allocation by encouraging users to conserve scarce water resources, and promoting improvements in productivity. We used a hedonic pricing method to reveal the implicit value of irrigation water by analyzing agricultural land values in farms under the Doroodzan dam in South-western Iran. The method was applied to farms in which irrigation water came from wells and canals. The availability of irrigation water was one of the most important factors influencing land prices. The value of irrigation water in the farms investigated was estimated to be \$0.046 per cubic meter. The estimated price for water was clearly higher than the price farmers currently pay for water in the area of study. Efficient water pricing could help the sustainability of the water resources. Farmers must therefore be informed of the real value of irrigation water used on their land.},
  issue = {3-4},
  langid = {english},
  pagetotal = {119-124},
  keywords = {Agricultural land prices,Hedonic pricing method, Iran,Value of irrigation water},
  file = {/home/alex/Zotero/storage/3RFDEMX4/Esmaeili and Shahsavari - 2011 - Valuation of irrigation water in South-western Ira.pdf;/home/alex/Zotero/storage/48VPSQRR/Esmaeili and Shahsavari - 2011 - Valuation of irrigation water in South-western Ira.pdf}
}

@article{foroni2022,
  title = {The Shale Oil Revolution and the Global Oil Supply Curve},
  author = {Foroni, Claudia and Stracca, Livio},
  date = {2022-12-04},
  journaltitle = {Journal of Applied Econometrics},
  shortjournal = {J of Applied Econometrics},
  pages = {jae.2950},
  issn = {0883-7252, 1099-1255},
  doi = {10.1002/jae.2950},
  url = {https://onlinelibrary.wiley.com/doi/10.1002/jae.2950},
  urldate = {2023-02-11},
  abstract = {We focus on the implications of the shale oil boom for the global supply of oil. In order to derive testable implications, we introduce a simple stylized model with two producers, one facing low production costs and one higher production costs but potentially lower adjustment costs, competing à la Stackelberg. We find that the supply function is flatter for the high cost producer and that the supply function for shale oil producers becomes more responsive to demand shocks when adjustment costs decline. On the empirical side, we apply an instrumental variable approach using estimates of demand-driven oil price changes derived from a standard structural VAR of the oil market. A main finding is that global oil supply is rather vertical, with a short-term elasticity around 0.05. A rolling sample reveals that the shale oil boom does not appear to have fundamentally changed the contours of global oil production, but there is evidence for the oil supply curve to become more vertical in Saudi Arabia and more price responsive in the United States.},
  langid = {english},
  keywords = {instrumental variables,oil shocks,oil supply,shale oil,sign restrictions,structural VAR},
  file = {/home/alex/Zotero/storage/28LSTBJC/Foroni and Stracca - 2022 - The shale oil revolution and the global oil supply.pdf;/home/alex/Zotero/storage/8DKEQSTX/Foroni and Stracca - The shale oil revolution and the global oil supply.pdf;/home/alex/Zotero/storage/KDFDHEWG/jae.html}
}

@misc{fsa2023,
  title = {Conservation {{Reserve Enhancement Program}}},
  author = {{Farm Service Agency}},
  shortauthor = {{FSA}},
  date = {2022},
  url = {https://fsa.usda.gov/Assets/USDA-FSA-Public/usdafiles/Conservation/PDF/fsa_crep_factsheet_22.pdf},
  urldate = {2023-07-01},
  organization = {United States Department of Agriculture},
  file = {/home/alex/Zotero/storage/2PFZJX7V/fsa_crep_factsheet_22.pdf}
}

@misc{fsa2023a,
  title = {Colorado {{Rio Grande}}  {{Conservation Reserve Enhancement Program}} ({{CREP}})},
  author = {{Farm Service Agency}},
  shortauthor = {{FSA}},
  date = {2023},
  url = {https://fsa.usda.gov/sites/default/files/documents/colorado_crep_fact_sheet_52022.pdf},
  urldate = {2024-12-02},
  langid = {english},
  organization = {United States Department of Agriculture},
  file = {/home/alex/Zotero/storage/TQX8828I/CREP – Colorado Rio Grande.pdf}
}

@article{gardner2022,
  title = {Two-Stage Differences in Differences},
  author = {Gardner, John},
  date = {2022},
  journaltitle = {IDEAS Working Paper Series from RePEc},
  publisher = {Federal Reserve Bank of St Louis},
  location = {St. Louis},
  url = {https://search.proquest.com/publiccontent/docview/2690864065?pq-origsite=primo},
  urldate = {2023-07-14},
  abstract = {A recent literature has shown that when adoption of a treatment is staggered and average treatment effects vary across groups and over time, difference-in-differences regression does not identify an easily interpretable measure of the typical effect of the treatment. In this paper, I extend this literature in two ways. First, I provide some simple underlying intuition for why difference-in-differences regression does not identify a group\$\textbackslash\textbackslash times\$period average treatment effect. Second, I propose an alternative two-stage estimation framework, motivated by this intuition. In this framework, group and period effects are identified in a first stage from the sample of untreated observations, and average treatment effects are identified in a second stage by comparing treated and untreated outcomes, after removing these group and period effects. The two-stage approach is robust to treatment-effect heterogeneity under staggered adoption, and can be used to identify a host of different average treatment effect measures. It is also simple, intuitive, and easy to implement. I establish the theoretical properties of the two-stage approach and demonstrate its effectiveness and applicability using Monte-Carlo evidence and an example from the literature.},
  langid = {english},
  file = {/home/alex/Zotero/storage/6NHX2PB3/Gardner - Two-stage diﬀerences in diﬀerences.pdf}
}

@misc{gaspinc.2007,
  title = {Mailings to Members},
  author = {{GASP Inc.}},
  date = {2007},
  url = {https://archives.mountainscholar.org/digital/collection/p17393coll161/id/8308},
  urldate = {2021-05-01},
  abstract = {Materials mailed to GASP members, including newsletters, correspondence, meeting agendas, and data.},
  langid = {english},
  organization = {Colorado State University Libraries},
  file = {/home/alex/Zotero/storage/4BM6G7WW/Basin et al. - 1997 - Mailings to members.pdf;/home/alex/Zotero/storage/4E3FUWJI/Basin et al. - 1997 - Mailings to members.pdf;/home/alex/Zotero/storage/7WYDYELQ/Basin et al. - 1997 - Mailings to members.pdf;/home/alex/Zotero/storage/A9A3HCXR/Basin et al. - 1997 - Mailings to members.pdf;/home/alex/Zotero/storage/CDAY8ESN/84770.html;/home/alex/Zotero/storage/DYIQYSAR/84770.html;/home/alex/Zotero/storage/LFVQSW78/84770.html}
}

@article{ghanem2022,
  title = {Causality in Structural Vector Autoregressions: {{Science}} or Sorcery?},
  shorttitle = {Causality in Structural Vector Autoregressions},
  author = {Ghanem, Dalia and Smith, Aaron},
  date = {2022},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {104},
  number = {3},
  pages = {881--904},
  issn = {1467-8276},
  doi = {10.1111/ajae.12269},
  url = {http://onlinelibrary.wiley.com/doi/abs/10.1111/ajae.12269},
  urldate = {2022-11-21},
  abstract = {This paper presents the structural vector autoregression (SVAR) as a method for estimating dynamic causal effects in agricultural and resource economics. We have a pedagogical purpose; we aim the presentation at economists trained primarily in microeconometrics. The SVAR is a model of a system, whereas a reduced-form microeconometric study aims to estimate the causal effect of one variable on another. The system approach produces estimates of a complete set of causal relationships among the variables, but it requires strong assumptions to do so. We explain these assumptions and describe similarities and differences with the classical instrumental variables (IV) model. We demonstrate that the population analogue of the Wald IV estimator for a particular causal effect is identical to the ratio of two impulse responses from an SVAR. We further demonstrate that incorrect identification assumptions about some components of the SVAR do not necessarily invalidate the estimated causal effects of other components. We present an SVAR analysis of global supply and demand for agricultural commodities, which was previously examined using IV. We illustrate the additional economic insights that the SVAR reveals, and we articulate the additional assumptions upon which those insights rest.},
  langid = {english},
  keywords = {causal inference,instrumental variables,time series},
  file = {/home/alex/Zotero/storage/G83K2F7R/Ghanem and Smith - 2022 - Causality in structural vector autoregressions Sc.pdf;/home/alex/Zotero/storage/XUIKR88L/ajae.html}
}

@article{gilbert2020,
  title = {Drill-{{Bit Parity}}: {{Supply-Side Links}} in {{Oil}} and {{Gas Markets}}},
  shorttitle = {Drill-{{Bit Parity}}},
  author = {Gilbert, Ben and Roberts, Gavin},
  date = {2020-07},
  journaltitle = {Journal of the Association of Environmental and Resource Economists},
  shortjournal = {Journal of the Association of Environmental and Resource Economists},
  volume = {7},
  number = {4},
  pages = {619--658},
  issn = {2333-5955, 2333-5963},
  doi = {10.1086/708160},
  url = {https://journals.uchicago.edu/doi/10.1086/708160},
  urldate = {2021-10-20},
  abstract = {Previous analyses of relationships between crude oil and natural gas markets focused primarily on demand-side connections. We provide a model and empirical evidence of important supply-side connections. First, crude oil and natural gas production require common inputs: drilling rigs, well completion services, and specialized labor. Competition for these inputs creates a cost-spillover channel through which a price shock for one commodity reduces supply of the other commodity. Second, crude oil wells produce associated gas, while natural gas wells often produce associated liquid hydrocarbons. This creates an associated-commodity channel through which a price shock for one commodity will increase supply of the other. Which effect dominates depends on the characteristics of the producing region. We test the model using well-level data from five large oil and gas producing basins in Texas and Oklahoma. We find substantial evidence across all five basins of a cost-spillover channel between natural gas prices and oil drilling, but mixed evidence of an associated-commodity channel between oil prices and natural gas drilling. Finally, we discuss the implications of these supply-side connections for energy policy.},
  langid = {english},
  file = {/home/alex/Zotero/storage/PHHGR3JL/Gilbert and Roberts - 2020 - Drill-Bit Parity Supply-Side Links in Oil and Gas.pdf}
}

@article{gisser1980,
  title = {Competition versus Optimal Control in Groundwater Pumping},
  author = {Gisser, Micha and Sánchez, David A.},
  date = {1980},
  journaltitle = {Water Resources Research},
  volume = {16},
  number = {4},
  pages = {638--642},
  issn = {1944-7973},
  doi = {10.1029/WR016i004p00638},
  url = {http://agupubs.onlinelibrary.wiley.com/doi/abs/10.1029/WR016i004p00638},
  urldate = {2021-02-27},
  abstract = {This article considers one of the most important issues in water resources research, namely, the management of groundwater. Economists have long taken it for granted that the temporal allocation of groundwater would lead to welfare losses if left to the free market because all farmers pump from a common aquifer. Hence water economists studied extensively optimal control of temporal groundwater allocation. They never paused to compare the temporal allocation yielded by optimal control with the free market. In this article we prove by comparing the two strategies analytically that if the storage capacity of the aquifer is relatively large, the difference between them is so small that it can be ignored for practical consideration.},
  langid = {english},
  file = {/home/alex/Zotero/storage/972ST9II/Gisser and Sánchez - 1980 - Competition versus optimal control in groundwater .pdf;/home/alex/Zotero/storage/NQHDLU3N/WR016i004p00638.html}
}

@article{gisser1983,
  title = {Groundwater: {{Focusing}} on the {{Real Issue}}},
  shorttitle = {Groundwater},
  author = {Gisser, Micha},
  date = {1983-12},
  journaltitle = {Journal of Political Economy},
  shortjournal = {Journal of Political Economy},
  volume = {91},
  number = {6},
  pages = {1001--1027},
  publisher = {University of Chicago},
  issn = {00223808},
  doi = {10.1086/261197},
  url = {https://jstor.org/stable/1831201?sid=primo},
  urldate = {2021-02-27},
  abstract = {Most studies of' the welfare economics of groundwater have focused mainly on the dichotomy between optimal control of groundwater use and no control at all. This article argues that, under circumstances that generally prevail in semiarid zones, assigning property rights to groundwater and permitting the market to determine the allocation of water use can lead to a second-best solution. An argument is made that if potential users would be allowed to Coase-bargain with incumbent users on the issuance of new groundwater rights, the second-best solution is elevated to a Pareto-optimal solution. This article is also a tale of two states: water law and performance in New Mexico and Arizona. At the outset this paper held that the adaptation of the appropriative system to groundwater gives rise to an efficient intertemporal allocation of groundwater diversion where natural recharge and the slope of the demand for water are small relative to the storage of the aquifer. This should be true in typical cases of mining groundwater (e.g., the Ogallala), as well as in most cases of rechargeable aquifers such as the Pecos. Thus it has been shown that the appropriative system, by establishing exclusive individual water rights, prevents congestion but also results in pumping trajectories that are roughly identical with optimal control. It was stressed, however, that in the absence of a mechanism allowing a potential user who appears on the scene to compensate the incumbents to increase aggregate rights in his favor, we cannot be sure that a Pareto-optimal level of groundwater rights has been reached. There is no reason why this blemish could not be removed.},
  keywords = {RESOURCE allocation,WELFARE economics},
  file = {/home/alex/Zotero/storage/76WDDKDP/Gisser - 1983 - Groundwater Focusing on the Real Issue.pdf;/home/alex/Zotero/storage/MWK8U6EV/Gisser - 1983 - Groundwater Focusing on the Real Issue.pdf}
}

@article{gonzalez2020,
  title = {Nonlinear {{Autoregressive Distributed Lag Approach}}: {{An Application}} on the {{Connectedness}} between {{Bitcoin Returns}} and the {{Other Ten Most Relevant Cryptocurrency Returns}}},
  shorttitle = {Nonlinear {{Autoregressive Distributed Lag Approach}}},
  author = {González, María de la O. and Jareño, Francisco and Skinner, Frank S.},
  date = {2020},
  journaltitle = {Mathematics (Basel)},
  volume = {8},
  number = {5},
  pages = {810-},
  publisher = {MDPI AG},
  issn = {2227-7390},
  doi = {10.3390/math8050810},
  abstract = {This article examines the connectedness between Bitcoin returns and returns of ten additional cryptocurrencies for several frequencies—daily, weekly, and monthly—over the period January 2015–March 2020 using a nonlinear autoregressive distributed lag (NARDL) approach. We find important and positive interdependencies among cryptocurrencies and significant long-run relationships among most of them. In addition, non-Bitcoin cryptocurrency returns seem to react in the same way to positive and negative changes in Bitcoin returns, obtaining strong evidence of asymmetry in the short run. Finally, our results show high persistence in the impact of both positive and negative changes in Bitcoin returns on most of the other cryptocurrency returns. Thus, our model explains about 50\% of the other cryptocurrency returns with changes in Bitcoin returns.},
  langid = {english},
  keywords = {Bitcoin,connectedness,cryptocurrencies,NARDL},
  file = {/home/alex/Zotero/storage/PCLBLLIV/González et al. - 2020 - Nonlinear Autoregressive Distributed Lag Approach.pdf}
}

@article{goodman-bacon2021,
  title = {Difference-in-Differences with Variation in Treatment Timing},
  author = {Goodman-Bacon, Andrew},
  date = {2021-12},
  journaltitle = {Journal of Econometrics},
  shortjournal = {Journal of Econometrics},
  volume = {225},
  number = {2},
  pages = {254--277},
  issn = {03044076},
  doi = {10.1016/j.jeconom.2021.03.014},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0304407621001445},
  urldate = {2023-07-14},
  abstract = {The canonical difference-in-differences (DD) estimator contains two time periods, "pre" and "post", and two groups, "treatment" and "control". Most DD applications, however, exploit variation across groups of units that receive treatment at different times. This paper shows that the two-way fixed effects estimator equals a weighted average of all possible two-group/two-period DD estimators in the data. A causal interpretation of twoway fixed effects DD estimates requires both a parallel trends assumption and treatment effects that are constant over time. I show how to decompose the difference between two specifications, and provide a new analysis of models that include time-varying controls.},
  langid = {english},
  file = {/home/alex/Zotero/storage/VX2TJBR5/Goodman-Bacon - 2021 - Difference-in-differences with variation in treatm.pdf}
}

@article{grabenstein2022,
  title = {Groundwater {{Law}}, the {{San Luis Valley}}, and {{Climate Change}}},
  author = {Grabenstein, Rachel},
  date = {2022-24},
  journaltitle = {Vermont Journal of Environmental Law},
  volume = {23},
  number = {2},
  pages = {181--208},
  publisher = {Vermont Journal of Environmental Law},
  issn = {19364253},
  url = {https://heinonline.org/HOL/Page?collection=journals&handle=hein.journals/vermenl23&id=189&men_tab=srchresults},
  urldate = {2024-12-02},
  keywords = {Climate change,Colorado,Groundwater laws,Groundwater management,San Luis Valley (Colo. & N.M.),Water management},
  file = {/home/alex/Zotero/storage/9JLAU95E/Grabenstein - 2022 - Groundwater Law, the San Luis Valley, and Climate .pdf}
}

@article{gu1993,
  title = {Comparison of {{Multivariate Matching Methods}}: {{Structures}}, {{Distances}}, and {{Algorithms}}},
  shorttitle = {Comparison of {{Multivariate Matching Methods}}},
  author = {Gu, Xing Sam and Rosenbaum, Paul R.},
  date = {1993-12-01},
  journaltitle = {Journal of Computational and Graphical Statistics},
  volume = {2},
  number = {4},
  pages = {405--420},
  publisher = {Taylor \& Francis},
  issn = {1061-8600},
  doi = {10.1080/10618600.1993.10474623},
  url = {https://tandfonline.com/doi/abs/10.1080/10618600.1993.10474623},
  urldate = {2024-05-29},
  abstract = {A comparison and evaluation is made of recent proposals for multivariate matched sampling in observational studies, where the following three questions are answered: (1) Algorithms: In current statistical practice, matched samples are formed using “nearest available” matching, a greedy algorithm. Greedy matching does not minimize the total distance within matched pairs, though good algorithms exist for optimal matching that do minimize the total distance. How much better is optimal matching than greedy matching? We find that optimal matching is sometimes noticeably better than greedy matching in the sense of producing closely matched pairs, sometimes only marginally better, but it is no better than greedy matching in the sense of producing balanced matched samples. (2) Structures: In common practice, treated units are matched to one control, called pair matching or 1–1 matching, or treated units are matched to two controls, called 1–2 matching, and so on. It is known, however, that the optimal structure is a full matching in which a treated unit may have one or more controls or a control may have one or more treated units. Optimal 1 — k matching is compared to optimal full matching, finding that optimal full matching is often much better. (3) Distances: Matching involves defining a distance between covariate vectors, and several such distances exist. Three recent proposals are compared. Practical advice is summarized in a final section.},
  keywords = {Full matching,Mahalanobis metric matching,Matched sampling,Observational studies,Optimal matching,Propensity scores}
}

@article{guilfoos2013,
  title = {Groundwater Management: {{The}} Effect of Water Flows on Welfare Gains},
  shorttitle = {Groundwater Management},
  author = {Guilfoos, Todd and Pape, Andreas D. and Khanna, Neha and Salvage, Karen},
  date = {2013-11-01},
  journaltitle = {Ecological Economics},
  shortjournal = {Ecological Economics},
  volume = {95},
  pages = {31--40},
  issn = {0921-8009},
  doi = {10.1016/j.ecolecon.2013.07.013},
  url = {https://sciencedirect.com/science/article/pii/S092180091300253X},
  urldate = {2023-07-07},
  abstract = {We construct a spatially explicit groundwater model that has multiple cells and finite hydraulic conductivity to estimate the gains from groundwater management and the factors driving those gains. We calibrate an 246-cell model to the parameters and geography of Kern County, California, and find that the welfare gain from management for the entire aquifer is significantly higher in the multi-cell model (27\%) than in the bathtub model (13\%) and that individual farmer gains can vary from 7\% to 39\% depending of their location and relative size of demand for water. We also find that when all farmers in the aquifer simultaneously behave strategically the aggregate gains from management are significantly smaller. However, individual farmers do not have the incentive to behave strategically even with finite hydraulic conductivity when other farmers behave myopically.},
  langid = {english},
  keywords = {Common pool resource,Darcy's Law,Hydraulic conductivity,Numerical optimization,Strategic behavior},
  file = {/home/alex/Zotero/storage/WFM8VJSB/Guilfoos et al. - 2013 - Groundwater management The effect of water flows .pdf;/home/alex/Zotero/storage/KNL3KWG3/S092180091300253X.html}
}

@article{guizani2019,
  title = {The {{Determinants}} of {{Bitcoin Price Volatility}}: {{An Investigation With ARDL Model}}},
  shorttitle = {The {{Determinants}} of {{Bitcoin Price Volatility}}},
  author = {Guizani, Sana and Nafti, Ines Kahloul},
  date = {2019},
  journaltitle = {Procedia computer science},
  volume = {164},
  pages = {233--238},
  publisher = {Elsevier B.V},
  issn = {1877-0509},
  doi = {10.1016/j.procs.2019.12.177},
  abstract = {The emergence of Bitcoin (BTC) has triggered intense discussions. Despite the particular interest of the public, the theoretical understanding of the value of this crypto currency is limited. This is why current research is trying to find better leads to evaluate a complex phenomenon: the BTC price. The volatility of its price presents a certain specificity compared to the traditional currencies. In order to understand the reasons for this volatility, we try to identify and to analyze the main determinants of the BTC price and to estimate their influence. We apply time series to daily data for the period from 19/12/2011 to 06/02/2018. We used several approaches, including the Auto Regressive Distributed Lag ARDL model, the cointegration test at Pesaran et al. (2001) and the Granger causality test in the sense of Toda and Yamamoto (1995). Our estimated results suggest that the number of addresses, the attractiveness indicator and the mining difficulty have a significant impact on the BTC price with variations over time. On the other hand, the transaction volume, the stock, the EUR/USD exchange rate and the macroeconomic and financial development do not determine the price of the BTC in the short term as well as in the long term.},
  langid = {english},
  keywords = {ARDL,attractiveness,Bitcoin,demand,financial development,macro-economic development,mining difficulty,supply,volatility},
  file = {/home/alex/Zotero/storage/3FIUBUK5/Guizani and Nafti - 2019 - The Determinants of Bitcoin Price Volatility An I.pdf}
}

@article{hansen2004,
  title = {Small {{Farms}}, {{Externalities}}, and the {{Dust Bowl}} of the 1930s},
  author = {Hansen, Zeynep K. and Libecap, Gary D.},
  date = {2004-06},
  journaltitle = {Journal of Political Economy},
  volume = {112},
  number = {3},
  pages = {665--694},
  publisher = {University of Chicago},
  issn = {00223808},
  doi = {10.1086/383102},
  url = {https://jstor.org/stable/10.1086/383102?sid=primo},
  urldate = {2023-03-09},
  abstract = {We provide a new and more complete analysis of the origins of the  Dust Bowl of the 1930s, one of the most severe environmental crises  in North America in the twentieth century. Severe drought and wind  erosion hit the Great Plains in 1930 and lasted through 1940. There  were similar droughts in the 1950s and 1970s, but no comparable level  of wind erosion. We explain why. The prevalence of small farms in  the 1930s limited private solutions for controlling the downwind externalities  associated with wind erosion. Drifting sand from unprotected  fields damaged neighboring farms. Small farmers cultivated  more of their land and were less likely to invest in erosion control  than larger farmers. Soil conservation districts, established by the government  after 1937, helped coordinate erosion control. This "unitized"  solution for collective action is similar to that used in other natural resource/environmental settings.},
  keywords = {ENVIRONMENTAL management,ENVIRONMENTAL policy,EROSION,FARM management,NATURAL disasters,NORTH America},
  file = {/home/alex/Zotero/storage/SWQUXAPE/Hansen and Libecap - 2004 - Small Farms, Externalities, and the Dust Bowl of t.pdf}
}

@article{hansen2006,
  title = {Optimal {{Full Matching}} and {{Related Designs}} via {{Network Flows}}},
  author = {Hansen, Ben B. and Klopfer, Stephanie Olsen},
  date = {2006},
  journaltitle = {Journal of computational and graphical statistics},
  volume = {15},
  number = {3},
  pages = {609--627},
  publisher = {Taylor \& Francis},
  location = {Alexandria},
  issn = {1061-8600},
  doi = {10.1198/106186006X137047},
  abstract = {In the matched analysis of an observational study, confounding on covariates X is addressed by comparing members of a distinguished group (Z = 1) to controls (Z = 0) only when they belong to the same matched set. The better matchings, therefore, are those whose matched sets exhibit both dispersion in Z and uniformity in X. For dispersion in Z, pair matching is best, creating matched sets that are equally balanced between the groups; but actual data place limits, often severe limits, on matched pairs' uniformity in X. At the other extreme is full matching, the matched sets of which are as uniform in X as can be, while often so poorly dispersed in Z as to sacrifice efficiency. This article presents an algorithm for exploring the intermediate territory. Given requirements on matched sets' uniformity in X and dispersion in Z, the algorithm first decides the requirements' feasibility. In feasible cases, it furnishes a match that is optimal for X-uniformity among matches with Z-dispersion as stipulated. To illustrate, we describe the algorithm's use in a study comparing womens' to mens' working conditions; and we compare our method to a commonly used alternative, greedy matching, which is neither optimal nor as flexible but is algorithmically much simpler. The comparison finds meaningful advantages, in terms of both bias and efficiency, for our more studied approach.},
  langid = {english},
  keywords = {Algorithms,Calipers,Comparative studies,Control Groups,Data Analysis,Employment,Grants-in-aid,Inference,Men,Observational Study,Sex differences,Subsidies},
  file = {/home/alex/Zotero/storage/PI2R2REG/Hansen and Klopfer - 2006 - Optimal Full Matching and Related Designs via Netw.pdf}
}

@article{hardin1968,
  title = {The {{Tragedy}} of the {{Commons}}},
  author = {Hardin, Garrett},
  date = {1968},
  journaltitle = {Science, New Series},
  volume = {162},
  number = {3859},
  eprint = {1724745},
  eprinttype = {jstor},
  pages = {1243--1248},
  url = {http://jstor.org/stable/1724745},
  issue = {3859},
  file = {/home/alex/Zotero/storage/DASAIJUV/Hardin - 1968 - The Tragedy of the Commons.pdf;/home/alex/Zotero/storage/T8LF2AUU/Hardin - 1968 - The Tragedy of the Commons.pdf}
}

@article{hayek1945,
  title = {The {{Use}} of {{Knowledge}} in {{Society}}},
  author = {Hayek, F. A.},
  date = {1945},
  journaltitle = {The American Economic Review},
  volume = {35},
  number = {4},
  eprint = {1809376},
  eprinttype = {jstor},
  pages = {519--530},
  publisher = {American Economic Association},
  issn = {0002-8282},
  url = {http://jstor.org/stable/1809376},
  urldate = {2021-02-27},
  issue = {4}
}

@book{hearne1988,
  title = {Hydrologic Analysis of the {{Rio Grande}} Basin North of {{Embudo}}, {{New Mexico}}, {{Colorado}} and {{New Mexico}}},
  author = {Hearne, Glenn A. and Dewey, J. D. and {Geological Survey (U.S.)}},
  date = {1988},
  publisher = {{Dept. of the Interior, U.S. Geological Survey : Books and Open-File Reports distributor}},
  location = {Denver, Colo.},
  url = {https://catalog.hathitrust.org/Record/102179654},
  urldate = {2023-07-12},
  pagetotal = {244},
  keywords = {Groundwater flow,Hydrology,Rio Grande Watershed (Colo.-Mexico and Tex.)}
}

@article{heide2005,
  entrysubtype = {magazine},
  title = {Declining {{Aquifers}}:{{San Luis Valley}} Water Users Struggle to Pump Groundwater Sustainably},
  shorttitle = {Headwaters {{Fall}} 2005},
  author = {Heide, Ruth},
  date = {2005},
  journaltitle = {Headwaters},
  volume = {Fall 2005},
  url = {https://issuu.com/cfwe/docs/headwaters9},
  urldate = {2024-05-11},
  abstract = {The San Luis Valley writes its own script. A repeat cast of characters works together on wetlands committees, land trusts, conservation district bo...},
  langid = {english}
}

@article{hendricks2012,
  title = {Fixed {{Effects Estimation}} of the {{Intensive}} and {{Extensive Margins}} of {{Irrigation Water Demand}}},
  author = {Hendricks, Nathan P. and Peterson, Jeffrey M.},
  date = {2012-04},
  journaltitle = {Journal of Agricultural and Resource Economics},
  volume = {37},
  number = {1},
  pages = {1--19},
  publisher = {Western Agricultural Economics Association},
  location = {Logan, United States},
  issn = {10685502},
  url = {https://proquest.com/docview/1081184926/citation/23A358E410084F24PQ/1},
  urldate = {2023-07-07},
  langid = {english},
  pagetotal = {19},
  keywords = {Agriculture--Agricultural Economics,Aquifers,Bias,Cost analysis,Elasticity of demand,Energy prices,Estimates,Farmers,Irrigation,Land use,Natural gas prices,Price elasticity,Pricing policies,Variables,Water conservation,Water rights}
}

@jurisdiction{hobbs2011,
  title = {Concerning the Office of the State Engineer’s Approval of the Plan of Water Management for Special Improvement District No. 1 of the Rio Grande Water Conservation District.},
%  author = {Hobbs, Gregory},
  citation = {{Supreme Court of Colorado, 10SA224}},
  date = {2011-12-19},
  number = {10sa224},
  institution = {Colorado Supreme Court},
  url = {https://cases.justia.com/colorado/supreme-court/10sa224.pdf?ts=1462305948},
  file = {/home/alex/Zotero/storage/2CKW9SVS/10sa224.pdf}
}

@online{hostetter2024,
  title = {Alamosa {{County Property Search}}},
  author = {Hostetter, Sandra},
  date = {2024},
  url = {https://qpublic.schneidercorp.com/Application.aspx?App=AlamosaCountyCO&PageType=Search},
  urldate = {2024-06-03},
  organization = {qPublic},
  file = {/home/alex/Zotero/storage/VSZT76C9/Application.html}
}

@article{hotelling1931,
  title = {The {{Economics}} of {{Exhaustible Resources}}},
  author = {Hotelling, Harold},
  date = {1931},
  journaltitle = {Journal of Political Economy},
  volume = {39},
  number = {2},
  eprint = {1822328},
  eprinttype = {jstor},
  pages = {137--175},
  publisher = {University of Chicago Press},
  issn = {0022-3808},
  url = {http://jstor.org/stable/1822328},
  urldate = {2022-05-09},
  file = {/home/alex/Zotero/storage/ZQ7NQIC8/Hotelling - 1931 - The Economics of Exhaustible Resources.pdf}
}

@article{huang2013,
  title = {The {{Effects}} of {{Well Management}} and the {{Nature}} of the {{Aquifer}} on {{Groundwater Resources}}},
  author = {Huang, Qiuqiong and Wang, Jinxia and Rozelle, Scott and Polasky, Stephen and Liu, Yang},
  date = {2013},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {95},
  number = {1},
  pages = {94--116},
  issn = {1467-8276},
  doi = {10.1093/ajae/aas076},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1093/ajae/aas076},
  urldate = {2023-07-07},
  abstract = {We compare groundwater use under collective well management in China, where village leaders allocate water among households, and under private well management where farmers either pump from their own wells or buy water from wells owned by other farmers. Villages are divided into connected or isolated groups depending on whether there are lateral groundwater flows between aquifers underlying a village and neighboring ones. In rural China, households under collective well management use less water. Even under collective management, households located in connected villages use more water, indicating that the connectedness of the aquifers may undermine leaders’ incentives to conserve water.},
  langid = {english},
  keywords = {collective well management,community-based management,connected village,isolated village,private well management},
  file = {/home/alex/Zotero/storage/F834KXK7/Huang et al. - 2013 - The Effects of Well Management and the Nature of t.pdf;/home/alex/Zotero/storage/FK9E9XAR/aas076.html}
}

@online{internationalmonetaryfund2024,
  title = {Global Price of {{Barley}}},
  shorttitle = {{{PBARLUSDM}}},
  author = {{International Monetary Fund}},
  shortauthor = {{IMF}},
  date = {2024},
  publisher = {FRED, Federal Reserve Bank of St. Louis},
  url = {https://fred.stlouisfed.org/series/PBARLUSDM},
  urldate = {2024-06-17},
  abstract = {Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://imf.org/external/terms.htm.},
  organization = {FRED, Federal Reserve Bank of St. Louis}
}

@article{jareno2020,
  title = {Bitcoin and Gold Price Returns: {{A}} Quantile Regression and {{NARDL}} Analysis},
  shorttitle = {Bitcoin and Gold Price Returns},
  author = {Jareño, Francisco and González, María de la O and Tolentino, Marta and Sierra, Karen},
  date = {2020-08-01},
  journaltitle = {Resources Policy},
  shortjournal = {Resources Policy},
  volume = {67},
  pages = {101666},
  issn = {0301-4207},
  doi = {10.1016/j.resourpol.2020.101666},
  url = {https://sciencedirect.com/science/article/pii/S0301420719309985},
  urldate = {2023-02-12},
  abstract = {This research analyses the sensitivity of Bitcoin returns to changes in gold price returns and some other international risk factors such as US stock market returns, interest rates, crude oil prices, the volatility index of the American stock market (VIX) and the Saint Louis financial stress index (STLFSI). This study applies the quantile regression approach for the 2010–2018 period. For robustness, this paper splits the whole sample period into two different subsamples: a more volatile and a less volatile sub-period. Moreover, to capture both long- and short-run asymmetries between Bitcoin and gold price returns, an asymmetric nonlinear cointegration approach (NARDL) is applied. The results evidence that the most relevant risk factor is the VIX index, followed by changes in the STLFSI stress index, and both show negative and statistically significant effects on Bitcoin returns in most periods and quantiles. The US stock market returns have statistically significant effects (with positive sign) on Bitcoin returns in all periods and specifically in high quantiles. Bitcoin returns show negative statistically significant sensitivity to changes in nominal interest rates in the highest quantile and the full period. Moreover, Bitcoin returns show negative and statistically significant sensitivity to oil returns at low quantiles, by serving as a safe-haven asset during economic turmoil. Therefore, in general, the sensitivity of Bitcoin returns to movements in international risk factors tends to be more pronounced in extreme market conditions (bullish and bearish scenarios), showing the highest explanatory power in the lowest quantile. Finally, we have applied the non-linear ARDL approach to analyse the long- and short-run relations between Bitcoin and gold price returns and have found a positive and statistically significant connectedness between them.},
  langid = {english},
  keywords = {Bitcoin,International factors,NARDL,Quantile regression,Stock market},
  file = {/home/alex/Zotero/storage/YCTWBNCI/Jareño et al. - 2020 - Bitcoin and gold price returns A quantile regress.pdf;/home/alex/Zotero/storage/FJZ4JSQI/S0301420719309985.html}
}

@article{javaid2015,
  title = {Incorporating Local Institutions in Irrigation Experiments: Evidence from Rural Communities in {{Pakistan}}},
  shorttitle = {Incorporating Local Institutions in Irrigation Experiments},
  author = {Javaid, Aneeque and Falk, Thomas},
  date = {2015},
  journaltitle = {Ecology and society},
  volume = {20},
  number = {2},
  pages = {28-},
  publisher = {Resilience Alliance},
  issn = {1708-3087},
  doi = {10.5751/ES-07532-200228},
  abstract = {Many irrigation systems are special cases of common-pool resources (CPRs) in which some users have preferential access to the resource, which in theory aggravates collective action challenges such as the under-provision of necessary infrastructure as a result of unequal appropriation of water resources. We present experimental evidence based on an irrigation game played in communities that are dependent on one of the largest contiguous irrigation network: the Indus basin irrigation system in Punjab, Pakistan. Furthermore, we simulate two institutional mechanisms that are neglected in experimental studies, despite their importance in many CPR governance systems: traditional authorities and legal pluralism. In our experiments, Punjabi farmers (N= 160) managed to provide the CPR at a level close to the social optimum, even without communication or enforcement opportunities. The equal investment in water infrastructure seems to be a strong social norm, even though those in disadvantageous positions (tail-users) earn less than those who have preferential access (head-users). At the same time, head-users restrain themselves from maximum resource extraction, which could be interpreted either as a norm or a stationary bandit strategy. In contrast to one of the most consistent findings of previous experimental studies, the participants in our experiment increased their earnings over the experimental rounds by using the available resources in a more efficient manner. One explanation for this behavior could be the availability of social information in our game. Starting from a high level of cooperation during baseline rounds, the treatments did not change the group investment significantly. The introduction of external sanctions created additional coordination problems, which led to a decrease in the level of group welfare. More specifically, head-users reduced their water extraction in the face of possible external sanctions to a level that the remaining water could not be used completely by tail-users.},
  langid = {english},
  keywords = {asymmetric access,Basin irrigation,Canals,common-pool resources,Communities,field experiments,Human ecology,Irrigation management,Irrigation systems,Irrigation water,Pakistan,Punjab,Securities sales,traditional authorities,Water management,Water resources},
  file = {/home/alex/Zotero/storage/YGP342U8/Javaid and Falk - 2015 - Incorporating local institutions in irrigation exp.pdf}
}

@article{jenkins2014,
  title = {Political Economy Constraints on Carbon Pricing Policies: {{What}} Are the Implications for Economic Efficiency, Environmental Efficacy, and Climate Policy Design?},
  shorttitle = {Political Economy Constraints on Carbon Pricing Policies},
  author = {Jenkins, Jesse D.},
  date = {2014-06},
  journaltitle = {Energy Policy},
  shortjournal = {Energy Policy},
  volume = {69},
  pages = {467--477},
  issn = {03014215},
  doi = {10.1016/j.enpol.2014.02.003},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0301421514000901},
  urldate = {2023-07-24},
  abstract = {Economists traditionally view a Pigouvian fee on carbon dioxide and other greenhouse gas emissions, either via carbon taxes or emissions caps and permit trading (“cap-and-trade”), as the economically optimal or “first-best” policy to address climate change-related externalities. Yet several political economy factors can severely constrain the implementation of these carbon pricing policies, including opposition of industrial sectors with a concentration of assets that would lose considerable value under such policies; the collective action nature of climate mitigation efforts; principal agent failures; and a low willingness-to-pay for climate mitigation by citizens. Real-world implementations of carbon pricing policies can thus fall short of the economically optimal outcomes envisioned in theory. Consistent with the general theory of the second-best, the presence of binding political economy constraints opens a significant “opportunity space” for the design of creative climate policy instruments with superior political feasibility, economic efficiency, and environmental efficacy relative to the constrained implementation of carbon pricing policies. This paper presents theoretical political economy frameworks relevant to climate policy design and provides corroborating evidence from the United States context. It concludes with a series of implications for climate policy making and argues for the creative pursuit of a mix of second-best policy instruments.},
  langid = {english},
  file = {/home/alex/Zotero/storage/EZY5RH62/Jenkins - 2014 - Political economy constraints on carbon pricing po.pdf}
}

@book{jevons1865,
  title = {The {{Coal Question}}; an {{Inquiry Concerning}} the {{Progress}} of the {{Nation}}, and the {{Probable Exhaustion}} of Our {{Coal-Mines}}},
  author = {Jevons, W.},
  date = {1865},
  publisher = {{Macmillan and Co}},
  location = {London; Cambridge},
  langid = {english},
  keywords = {Coal industry,Coal mining,Mining industry}
}

@article{karp2012,
  title = {Taxes versus Quantities for a Stock Pollutant with Endogenous Abatement Costs and Asymmetric Information},
  author = {Karp, Larry and Zhang, Jiangfeng},
  date = {2012-02-01},
  journaltitle = {Economic Theory},
  volume = {49},
  number = {2},
  pages = {371--410},
  publisher = {Springer},
  issn = {09382259},
  doi = {10.1007/s00199-010-0561-y},
  url = {http://go.gale.com/ps/i.do?p=AONE&sw=w&issn=09382259&v=2.1&it=r&id=GALE%7CA307919608&sid=googleScholar&linkaccess=abs},
  urldate = {2021-02-27},
  langid = {english},
  file = {/home/alex/Zotero/storage/4YU6ADIH/Karp and Zhang - 2012 - Taxes versus quantities for a stock pollutant with.pdf;/home/alex/Zotero/storage/EPC2JM92/Karp and Zhang - 2012 - Taxes versus quantities for a stock pollutant with.pdf;/home/alex/Zotero/storage/X6YGIERQ/i.html}
}

@online{keys2024,
  title = {Conejos {{County Property Search}}},
  author = {Keys, Naomi},
  date = {2024},
  url = {https://qpublic.schneidercorp.com/Application.aspx?AppID=1217&LayerID=36995&PageTypeID=3&PageID=14237},
  urldate = {2024-06-03},
  organization = {qPublic},
  file = {/home/alex/Zotero/storage/LY2IB2UV/Application.html}
}

@article{kilian2009,
  title = {Why {{Agnostic Sign Restrictions Are Not Enough}}: {{Understanding}} the {{Dynamics}} of {{Oil Market VAR Models}}},
  shorttitle = {Why {{Agnostic Sign Restrictions Are Not Enough}}},
  author = {Kilian, Lutz and Murphy, Daniel P.},
  date = {2009},
  journaltitle = {IDEAS Working Paper Series from RePEc},
  publisher = {Federal Reserve Bank of St Louis},
  location = {St. Louis},
  url = {https://search.proquest.com/publiccontent/docview/1698253301?pq-origsite=primo},
  urldate = {2023-02-11},
  abstract = {Sign restrictions on the responses generated by structural vector autoregressive models have been proposed as an alternative approach to the use of exclusion restrictions on the impact multiplier matrix. In recent years such models have been increasingly used to identify demand and supply shocks in the market for crude oil. We demonstrate that sign restrictions alone are insufficient to infer the responses of the real price of oil to such shocks. Moreover, the conventional assumption that all admissible models are equally likely is routinely violated in oil market models, calling into question the use of median responses to characterize the responses to structural shocks. When combining sign restrictions with additional empirically plausible bounds on the magnitude of the short-run oil supply elasticity and on the impact response of real activity, however, it is possible to reduce the set of admissible model solutions to a small number of qualitatively similar estimates. The resulting model estimates are broadly consistent with earlier results regarding the relative importance of demand and supply shocks for the real price of oil based on structural VAR models identified by exclusion restrictions, but imply very different dynamics from the median responses in VAR models based on sign restrictions only.},
  langid = {english},
  file = {/home/alex/Zotero/storage/HXNH38GN/Why Agnostic Sign Restrictions Are Not Enough Und.pdf}
}

@article{kilian2014,
  title = {The {{Role}} of {{Inventories}} and {{Speculative Trading}} in the {{Global Market}} for {{Crude Oil}}},
  author = {Kilian, Lutz and Murphy, Daniel P.},
  date = {2014},
  journaltitle = {Journal of Applied Econometrics},
  volume = {29},
  number = {3},
  pages = {454--478},
  issn = {1099-1255},
  doi = {10.1002/jae.2322},
  url = {http://onlinelibrary.wiley.com/doi/abs/10.1002/jae.2322},
  urldate = {2022-11-21},
  abstract = {We develop a structural model of the global market for crude oil that for the first time explicitly allows for shocks to the speculative demand for oil as well as shocks to flow demand and flow supply. The speculative component of the real price of oil is identified with the help of data on oil inventories. Our estimates rule out explanations of the 2003–2008 oil price surge based on unexpectedly diminishing oil supplies and based on speculative trading. Instead, this surge was caused by unexpected increases in world oil consumption driven by the global business cycle. There is evidence, however, that speculative demand shifts played an important role during earlier oil price shock episodes including 1979, 1986 and 1990. Our analysis implies that additional regulation of oil markets would not have prevented the 2003–2008 oil price surge. We also show that, even after accounting for the role of inventories in smoothing oil consumption, our estimate of the short-run price elasticity of oil demand is much higher than traditional estimates from dynamic models that do not account for for the endogeneity of the price of oil. Copyright © 2013 John Wiley \& Sons, Ltd.},
  langid = {english},
  file = {/home/alex/Zotero/storage/DZ83LXCA/Kilian and Murphy - 2014 - The Role of Inventories and Speculative Trading in.pdf;/home/alex/Zotero/storage/J5GM7RII/jae.html}
}

@article{kilian2020,
  title = {The {{Econometrics}} of {{Oil Market VAR Models}}},
  author = {Kilian, Lutz and Zhou, Xiaoqing and {Federal Reserve Bank of Dallas}},
  date = {2020-03},
  journaltitle = {Federal Reserve Bank of Dallas, Working Papers},
  shortjournal = {wp},
  volume = {2020},
  number = {2006},
  doi = {10.24149/wp2006},
  url = {https://dallasfed.org/-/media/documents/research/papers/2020/wp2006.pdf},
  urldate = {2022-11-21},
  abstract = {Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its impact in the macro economy. As this literature has expanded at a rapid pace, it has become increasingly difficult for mainstream economists to understand the differences between alternative oil market models, let alone the basis for the sometimes divergent conclusions reached in the literature. The purpose of this survey is to provide a guide to this literature. Our focus is on the econometric foundations of the analysis of oil market models with special attention to the identifying assumptions and methods of inference. We not only explain how the workhorse models in this literature have evolved, but also examine alternative oil market VAR models. We help the reader understand why the latter models sometimes generated unconventional, puzzling or erroneous conclusions. Finally, we discuss the construction of extraneous measures of oil demand and oil supply shocks that have been used as external or internal instruments for VAR models.},
  langid = {english},
  keywords = {IV estimation,oil demand elasticity,Oil supply elasticity,structural VAR},
  file = {/home/alex/Zotero/storage/RB7KWVXP/wp2006.pdf}
}

@article{kim2017,
  title = {Oil Price Shocks and {{China}}'s Economy: {{Reactions}} of the Monetary Policy to Oil Price Shocks},
  shorttitle = {Oil Price Shocks and {{China}}'s Economy},
  author = {Kim, Won Joong and Hammoudeh, Shawkat and Hyun, Jun Seog and Gupta, Rangan},
  date = {2017-02},
  journaltitle = {Energy Economics},
  shortjournal = {Energy Economics},
  volume = {62},
  pages = {61--69},
  issn = {01409883},
  doi = {10.1016/j.eneco.2016.12.007},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S014098831630353X},
  urldate = {2023-01-27},
  abstract = {The paper empirically analyzes the effect of positive oil price shocks on China's economy, having special interest in the response of the Chinese interest rate to those shocks. Using different econometric models, i) a time-varying parameter structural vector autoregression (TVP SVAR) model with short-run identifying restrictions, ii) a structural VAR (SVAR) model with the short-run identifying restrictions, and iii) a VAR model with orderingfree generalized impulse response VAR (GIR VAR), we find that the response of the Chinese interest rate to the oil price shocks is not only time-varying but also showing quite different signs of responses. Specifically, in the earlier sample period (1992:4–2001:10), the interest rate shows a negative response to the oil price shock, while in the latter period (2001:11–2014:5) it shows a positive response to the shock. Given the negative response of the world oil production to an oil price shock in the earlier period, the shock is identified as a negative supply shock or a precautionary demand shock as suggested by Kilian (2009), thereby the negative response of the interest rate to the oil price shock is deemed as economy-boosting. The positive response of the interest rate to the oil price shock in the later period, given that this shock is identified as a positive world oil demand shock, gives evidence that stabilization of inflation is one of the main objectives of China's monetary authority, even though the current main objective of the monetary policy is characterized as “maintaining the stability of the value of the currency and thereby promoting economic growth.” Finally, the variance decomposition results reveal that the oil price shock becomes an increasingly important source in the volatility of China's interest rate. © 2016 Elsevier B.V. All rights reserved.},
  langid = {english},
  file = {/home/alex/Zotero/storage/KNWT5T6R/Kim et al. - 2017 - Oil price shocks and China's economy Reactions of.pdf}
}

@article{knapp2006,
  title = {Ground {{Water Quantity}} and {{Quality Management}}: {{Agricultural Production}} and {{Aquifer Salinization}} over {{Long Time Scales}}},
  shorttitle = {Ground {{Water Quantity}} and {{Quality Management}}},
  author = {Knapp, Keith C. and Baerenklau, Kenneth A.},
  date = {2006-12},
  journaltitle = {Journal of Agricultural and Resource Economics},
  volume = {31},
  number = {3},
  pages = {616--641},
  publisher = {Western Agricultural Economics Association},
  location = {Logan, United States},
  issn = {10685502},
  url = {http://search.proquest.com/docview/214691254/citation/DB28492087E34056PQ/1},
  urldate = {2021-02-27},
  langid = {english},
  pagetotal = {26},
  keywords = {Agriculture--Agricultural Economics},
  file = {/home/alex/Zotero/storage/BGW58P3I/Knapp and Baerenklau - 2006 - Ground Water Quantity and Quality Management Agri.pdf;/home/alex/Zotero/storage/UD6D8Z37/Knapp and Baerenklau - 2006 - Ground Water Quantity and Quality Management Agri.pdf}
}

@article{kristoufek2020,
  title = {Bitcoin and Its Mining on the Equilibrium Path},
  author = {Kristoufek, Ladislav},
  date = {2020-01},
  journaltitle = {Energy Economics},
  shortjournal = {Energy Economics},
  volume = {85},
  pages = {104588},
  issn = {01409883},
  doi = {10.1016/j.eneco.2019.104588},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0140988319303834},
  urldate = {2023-02-01},
  abstract = {Bitcoin as a major cryptocurrency has come up as a shooting star of the 2017 and 2018 headlines. After exploding its price twenty times just in the twelve months of 2017, the tone has changed dramatically in 2018 after major price corrections and increasing concerns about its mining power consumption and overall sustainability. The dynamics and interaction between Bitcoin price and its mining costs have become of major interest. Here we show that these two quantities are tightly interconnected and they tend to a common long-term equilibrium. Mining costs adjust to the cryptocurrency price with the adjustment time of several months up to a year. Current developments suggest that we have arrived at a new era of Bitcoin mining where marginal (electricity) costs and mining efficiency play the prime role. Presented results open new avenues towards interpreting past and predicting future developments of the Bitcoin mining framework and their main possible directions are outlined and discussed here as well.},
  langid = {english},
  file = {/home/alex/Zotero/storage/DXFWXMHF/Kristoufek - 2020 - Bitcoin and its mining on the equilibrium path.pdf}
}

@jurisdiction{kuenhold2006,
	  title = {{{Concerning the matter of the rules governing new withdrawals of ground water in water division no}}. 3{{ affecting the rate or direction of movement of water in the confined aquifer system}}},
	author = {{{{Concerning the matter of the rules governing new withdrawals of ground water in water division no}}. 3{{ affecting the rate or direction of movement of water in the confined aquifer system}}}},
	  shortauthor = {{Kuenhold}},
	  date = {2006-09-11},
	  citation = {{Judge John Kuenhold, Colorado District Court Water Division no. 3, 2004 CW 24}},
	  number = {2004 CW 24},
	%  institution = {DISTRICT COURT, WATER DIVISION NO. 3, COLORADO},
	  url = {https://courts.state.co.us/Courts/Water/Rulings/Div3/04CW24%20Part%20I-IV.pdf},
	  urldate = {2024-03-17},
	  file = {/home/alex/Zotero/storage/EWLPLWQU/04CW24 Part I-IV.pdf}
	}

@jurisdiction{kuenhold2009,
   title = {{Concerning the office of the State Engineer’s approval of the plan of water management for Special Improvement District No. 1 of the Rio Grande Water Conservation District in the matter of the Rio Grande Water Conservation District, in Alamosa county, Colorado findings of fact, conclusions of law and order}},
 author = {{Concerning the office of the State Engineer’s approval of the plan of water management for Special Improvement District No. 1 of the Rio Grande Water Conservation District in the matter of the Rio Grande Water Conservation District, in Alamosa county, Colorado findings of fact, conclusions of law and order}},
  shortauthor = {Kuenhold},
  date = {2009-02},
  citation = {{Judge John Kuenhold, Colorado District Court Water Division no. 3, 2007CW52 and 2006CV64}},
  number = {2007CW52 and 2006CV64},
  institution = {District Court Water Division No. 3},
  url = {https://courts.state.co.us/Courts/Water/Rulings/Div3/order%20with%20amendement%20attached.pdf},
  urldate = {2024-05-11},
  file = {/home/alex/Zotero/storage/X7KYTNPU/order with amendement attached.pdf}
}

@article{lach2005,
  title = {Maintaining the {{Status Quo}}: {{How Institutional Norms}} and {{Practices Create Conservative Water Organizations}}},
  shorttitle = {Maintaining the {{Status Quo}}},
  author = {Lach, Denise and Ingram, Helen and Rayner, Steve},
  date = {2005-06},
  journaltitle = {Texas Law Review},
  shortjournal = {Texas Law Review},
  volume = {83},
  number = {7},
  pages = {2027--2053},
  publisher = {University of Texas at Austin School of Law Publications},
  issn = {00404411},
  url = {https://proquest.com/docview/203710538?pq-origsite=primo&sourcetype=Scholarly%20Journals},
  urldate = {2021-02-27},
  abstract = {Explores the institutional norms and practices of water agencies and organizations in the U.S.  Description of the traditional response of water agencies to what were perceived as ordinary or tame problems; Strategies for addressing the problems; Consequences of the strategies that agencies have adopted to respond to changing pressures and constituents.},
  keywords = {ASSOCIATIONS institutions etc.,ORGANIZATION,UNITED States,WATER supply,WATER utilities},
  file = {/home/alex/Zotero/storage/5LG6U79S/Lach et al. - 2005 - Maintaining the Status Quo How Institutional Norm.pdf;/home/alex/Zotero/storage/7UMVN3K5/Lach et al. - 2005 - Maintaining the Status Quo How Institutional Norm.pdf}
}

@article{lancaster1966,
  title = {A {{New Approach}} to {{Consumer Theory}}},
  author = {Lancaster, Kelvin J.},
  date = {1966-04},
  journaltitle = {Journal of Political Economy},
  shortjournal = {Journal of Political Economy},
  volume = {74},
  number = {2},
  pages = {132},
  publisher = {University of Chicago},
  issn = {00223808},
  doi = {10.1086/259131},
  url = {https://jstor.org/stable/1828835},
  urldate = {2021-02-27},
  abstract = {THE theory of consumer behavior in deterministic situations as set out by, say, Debreu (1959, 1960) or Uzawa (1960) is a thing of great aesthetic beauty, a jewel set in a glass case. The product of a long process of refinement from the nineteenth-century utility  theorists through Slutsky and Hicks-Allen to the economists of the last twenty-five years,[1] it has been shorn of all irrelevant postulates so that it now stands as an example of how to extract the minimum of results from the minimum of  assumptions. In this model we have extended into consumption theory activity analysis, which has proved so penetrating in its application to production theory. The crucial assumption in making this  application has been the assumption that goods possess, or gire rise to, multiple characteristics in fixed proportions and that it is these characteristics, not goods themselves, on which the consumer's preferences are exercised. The result, as this brief survey of the possibilities has shown, is a model very many rimes richer in heuristic explanatory and predictive power than the con- ventional model of consumer behavior and one that deals easily with those many common-sense characteristics of actual behavior that have found no place in traditional exposition. This paper is nothing more than a condensed presentation of some of the great number of possible ways in which the model can be used. It is hoped that a door has been opened to a new, rich treasure house of ideas for the future development of the most refined and least powerful branch of economic theory, the theory of the consumer himself.},
  keywords = {CONSUMER behavior,CONSUMPTION (Economics)},
  file = {/home/alex/Zotero/storage/HZ3L7YD4/Lancaster - 1966 - A New Approach to Consumer Theory.pdf;/home/alex/Zotero/storage/ZK39LJFW/Lancaster - 1966 - A New Approach to Consumer Theory.pdf}
}

@online{landnetwork2024,
  title = {San {{Luis}}, {{CO Land}} for {{Sale}} - 109 {{Listings}}},
  author = {{Land Network}},
  date = {2024-03-03},
  url = {https://landwatch.com/colorado-land-for-sale/san-luis},
  urldate = {2024-06-03},
  abstract = {LandWatch has 109 land listings for sale in San Luis, CO. Browse our San Luis, CO land for sale listings, view photos and contact an agent today!},
  langid = {english},
  organization = {LandWatch},
  file = {/home/alex/Zotero/storage/TQLRWADH/san-luis.html}
}

@article{lansford1995,
  title = {Recreational and {{Aesthetic Value}} of {{Water Using Hedonic Price Analysis}}},
  author = {Lansford, Node H. and Jones, Lonnie L.},
  date = {1995},
  journaltitle = {Journal of Agricultural and Resource Economics},
  volume = {20},
  number = {2},
  eprint = {40987743},
  eprinttype = {jstor},
  pages = {341--355},
  publisher = {Western Agricultural Economics Association},
  issn = {1068-5502},
  url = {https://jstor.org/stable/40987743},
  urldate = {2024-09-25},
  abstract = {Historically, water allocation focused on quantities demanded by consumptive uses. As quantity demand grows, efficient allocation among consumptive and nonconsumptive uses becomes more critical. This hedonic approach provides information regarding recreational and aesthetic (RA) value for a central Texas lake. The model indicates several statistically significant RA characteristics of housing; proximity is the most important. Waterfront properties command a premium, but marginal RA price falls rapidly with increasing distance. Marginal RA values are estimated for selected water levels and are found to have a lower marginal price per acre-foot than many agricultural uses.},
  file = {/home/alex/Zotero/storage/EBJ644PP/Lansford and Jones - 1995 - Recreational and Aesthetic Value of Water Using Hedonic Price Analysis.pdf}
}

@article{lee2010,
  title = {Improving Propensity Score Weighting Using Machine Learning},
  author = {Lee, Brian K. and Lessler, Justin and Stuart, Elizabeth A.},
  date = {2010-02-10},
  journaltitle = {Statistics in medicine},
  shortjournal = {Stat Med},
  volume = {29},
  number = {3},
  eprint = {19960510},
  eprinttype = {pmid},
  pages = {337--346},
  issn = {0277-6715},
  doi = {10.1002/sim.3782},
  url = {https://ncbi.nlm.nih.gov/pmc/articles/PMC2807890/},
  urldate = {2024-06-07},
  abstract = {Machine learning techniques such as classification and regression trees (CART) have been suggested as promising alternatives to logistic regression for the estimation of propensity scores. The authors examined the performance of various CART-based propensity score models using simulated data. Hypothetical studies of varying sample sizes (n=500, 1000, 2000) with a binary exposure, continuous outcome, and ten covariates were simulated under seven scenarios differing by degree of non-linear and non-additive associations between covariates and the exposure. Propensity score weights were estimated using logistic regression (all main effects), CART, pruned CART, and the ensemble methods of bagged CART, random forests, and boosted CART. Performance metrics included covariate balance, standard error, percent absolute bias, and 95\% confidence interval coverage. All methods displayed generally acceptable performance under conditions of either non-linearity or non-additivity alone. However, under conditions of both moderate non-additivity and moderate non-linearity, logistic regression had subpar performance, while ensemble methods provided substantially better bias reduction and more consistent 95\% CI coverage. The results suggest that ensemble methods, especially boosted CART, may be useful for propensity score weighting.},
  pmcid = {PMC2807890},
  file = {/home/alex/Zotero/storage/QTPRR7CY/Lee et al. - 2010 - Improving propensity score weighting using machine.pdf}
}

@article{libecap1984,
  title = {Contractual {{Responses}} to the {{Common Pool}}: {{Prorationing}} of {{Crude Oil Production}}},
  shorttitle = {Contractual {{Responses}} to the {{Common Pool}}},
  author = {Libecap, Gary D. and Wiggins, Steven N.},
  date = {1984},
  journaltitle = {The American Economic Review},
  volume = {74},
  number = {1},
  eprint = {1803310},
  eprinttype = {jstor},
  pages = {87--98},
  publisher = {American Economic Association},
  issn = {0002-8282},
  url = {https://jstor.org/stable/1803310},
  urldate = {2023-07-16},
  file = {/home/alex/Zotero/storage/KWBNDFMI/Libecap and Wiggins - 1984 - Contractual Responses to the Common Pool Proratio.pdf}
}

@book{libecap1993,
  title = {Contracting for Property Rights},
  author = {Libecap, Gary D.},
  date = {1993},
  series = {Political Economy of Institutions and Decisions},
  edition = {1st pbk. ed.},
  publisher = {Cambridge University Press},
  location = {Cambridge [England] ;},
  isbn = {978-0-521-44904-5},
  langid = {english},
  keywords = {Decision making,Natural law,Natürliche Ressourcen,Pressure groups,Property-Rights-Ansatz,Right of property,United States,USA}
}

@article{libecap2011,
  title = {Institutional {{Path Dependence}} in {{Climate Adaptation}}: {{Coman}}'s "{{Some Unsettled Problems}} of {{Irrigation}}"},
  shorttitle = {Institutional {{Path Dependence}} in {{Climate Adaptation}}},
  author = {Libecap, Gary D.},
  date = {2011},
  journaltitle = {The American Economic Review},
  volume = {101},
  number = {1},
  eprint = {41038782},
  eprinttype = {jstor},
  pages = {64--80},
  publisher = {American Economic Association},
  issn = {0002-8282},
  url = {https://jstor.org/stable/41038782},
  urldate = {2023-07-07},
  abstract = {Katharine Coman's "Some Unsettled Problems of Irrigation," published in March 1911 in the first issue of the American Economic Review, addressed issues of water supply, rights, and organization. These same issues have relevance today, in the face of growing concern about the availability of fresh water worldwide. The central point of this article is that appropriative water rights and irrigation districts that emerged in the American West in the late nineteenth and early twentieth centuries in response to aridity to facilitate agricultural water delivery, use, and trade raise the transaction costs today of water markets. These markets are vital for smooth reallocation of water to higher-valued uses elsewhere in the economy and for flexible response to greater hydrological uncertainty. This institutional path dependence illustrates how past arrangements to meet conditions of the time constrain contemporary economic opportunities. They cannot be easily significantly modified or replaced ex post.},
  file = {/home/alex/Zotero/storage/PBKZNST2/Libecap - 2011 - Institutional Path Dependence in Climate Adaptatio.pdf}
}

@article{lin2019,
  title = {Decentralized {{Mining}} in {{Centralized Pools}}},
  author = {Lin, William Cong and He, Zhiguo and Li, Jiasun},
  date = {2019},
  journaltitle = {IDEAS Working Paper Series from RePEc},
  publisher = {Federal Reserve Bank of St Louis},
  location = {St. Louis},
  url = {https://search.proquest.com/publiccontent/docview/2188171873?pq-origsite=primo},
  urldate = {2023-01-27},
  abstract = {The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for public blockchains. However, mining pools as a financial innovation significantly escalates the arms race among competing miners and thus increases the energy consumption of proof-of-work-based blockchains. Each individual miner's cross-pool diversification and endogenous fees charged by pools generally sustain decentralization --- larger pools better internalize their externality on global hash rates, charge higher fees, attract disproportionately fewer miners, and thus grow slower. Empirical evidence from Bitcoin mining supports our model predictions, and the economic insights apply to many other blockchain protocols, as well as mainstream industries with similar characteristics.},
  langid = {english},
  file = {/home/alex/Zotero/storage/P3CQBS32/w25592.pdf}
}

@online{linzy2024,
  title = {Potatoes: {{An Alternative}} to {{Consider}}},
  author = {Linzy, Carlson},
  date = {2024},
  url = {https://waterquality.montana.edu/farm-ranch/irrigation/other_crops/potato.html},
  urldate = {2024-03-09},
  organization = {Montana State University},
  file = {/home/alex/Zotero/storage/ZB4H23N4/potato.html}
}

@article{lipsey1956,
  title = {The {{General Theory}} of {{Second Best}}},
  author = {Lipsey, R. G. and Lancaster, Kelvin},
  date = {1956},
  journaltitle = {The Review of economic studies},
  volume = {24},
  number = {1},
  pages = {11--32},
  publisher = {Wiley-Blackwell},
  location = {Oxford, etc},
  issn = {0034-6527},
  doi = {10.2307/2296233},
  langid = {english},
  keywords = {Commodities,Customs unions,Economic theory,Imports,Income taxes,Indirect taxes,Marginal costs,Monopoly,Recreation,Tariffs},
  file = {/home/alex/Zotero/storage/H4PLH6BA/Lipsey and Lancaster - 1956 - The General Theory of Second Best.pdf}
}

@article{loomis2003,
  title = {Estimating the Benefits of Maintaining Adequate Lake Levels to Homeowners Using the Hedonic Property Method},
  author = {Loomis, John and Feldman, Marvin},
  date = {2003},
  journaltitle = {Water Resources Research},
  volume = {39},
  number = {9},
  issn = {1944-7973},
  doi = {10.1029/2002WR001799},
  url = {http://agupubs.onlinelibrary.wiley.com/doi/abs/10.1029/2002WR001799},
  urldate = {2021-02-27},
  abstract = {The hedonic property method was used to estimate residents' economic benefits from maintaining high and stable lake levels at Lake Almanor, California. Nearly a thousand property transactions over a 14-year period from 1987 to 2001 were analyzed. The linear hedonic property regression explained more than 60\% of the variation in-house prices. Property prices were negatively and significantly related to the number of linear feet of exposed lake shoreline. Each additional one foot of exposed shoreline reduces the property price by \$108–\$119. A view of the lake added nearly \$31,000 to house prices, while lakefront properties sold for \$209,000 more than non-lake front properties.},
  langid = {english},
  keywords = {nonmarket valuation,property values,water quality,willingness to pay},
  file = {/home/alex/Zotero/storage/9VENSU9N/Loomis and Feldman - 2003 - Estimating the benefits of maintaining adequate la.pdf;/home/alex/Zotero/storage/TCJ5W3XU/Loomis and Feldman - 2003 - Estimating the benefits of maintaining adequate la.pdf;/home/alex/Zotero/storage/9KMPINXL/2002WR001799.html}
}

@article{loomis2014,
  title = {Economic {{Value}} of {{Instream Flow}} for {{Non-Commercial Whitewater Boating Using Recreation Demand}} and {{Contingent Valuation Methods}}},
  author = {Loomis, John and Mcternan, James},
  date = {2014-03},
  journaltitle = {Environmental Management},
  volume = {53},
  number = {3},
  pages = {510--9},
  publisher = {Springer Nature B.V.},
  location = {New York, Netherlands},
  issn = {0364-152X},
  url = {http://search.proquest.com/docview/1500908866/abstract/127A8EFBD76400FPQ/1},
  urldate = {2021-02-27},
  abstract = {Whitewater river kayaking and river rafting require adequate instream flows that are often adversely affected by upstream water diversions. However, there are very few studies in the USA of the economic value of instream flow to inform environmental managers. This study estimates the economic value of instream flow to non-commercial kayakers derived using a Travel Cost Method recreation demand model and Contingent Valuation Method (CVM), a type of Contingent Behavior Method (CBM). Data were obtained from a visitor survey administered along the Poudre River in Colorado. In the dichotomous choice CVM willingness to pay (WTP) question, visitors were asked if they would still visit the river if the cost of their trip was \$Y higher, and the level of \$Y was varied across the sample. The CVM yielded an estimate of WTP that was sensitive to flows ranging from \$55 per person per day at 300 Cubic Feet per Second (CFS) to a maximum \$97 per person per day at flows of 1900 CFS. The recreation demand model estimated a boater's number of trips per season. We found the number of trips taken was also sensitive to flow, ranging from as little as 1.63 trips at 300 CFS to a maximum number of 14 trips over the season at 1900 CFS. Thus, there is consistency between peak benefits per trip and number of trips, respectively. With an average of about 100 non-commercial boaters per day, the maximum marginal values per acre foot averages about \$220. This value exceeds irrigation water values in this area of Colorado. [PUBLICATION ABSTRACT]},
  langid = {english},
  pagetotal = {510-9},
  keywords = {Environmental management,Environmental Studies,Kayaking,Utility functions,Valuation methods,Water diversion,Water flow,Willingness to pay},
  file = {/home/alex/Zotero/storage/HYC2GBKT/Loomis and Mcternan - 2014 - Economic Value of Instream Flow for Non-Commercial.pdf;/home/alex/Zotero/storage/P88623M8/Loomis and Mcternan - 2014 - Economic Value of Instream Flow for Non-Commercial.pdf}
}

@article{loos2022,
  title = {Individual to Collective Adaptation through Incremental Change in {{Colorado}} Groundwater Governance},
  author = {Loos, Jonathon R. and Andersson, Krister and Bulger, Shauna and Cody, Kelsey C. and Cox, Michael and Gebben, Alexander and Smith, Steven M.},
  date = {2022},
  journaltitle = {Frontiers in Environmental Science},
  volume = {10},
  issn = {2296-665X},
  url = {https://frontiersin.org/articles/10.3389/fenvs.2022.958597},
  urldate = {2022-11-01},
  abstract = {Designing adaptive institutions for achieving sustainable groundwater use is a central challenge to local and state governments. This challenge is exacerbated by the growing impacts and uncertainty of climate change on water resources. Calls to reform water governance systems are often made in the context of these challenges, and reform efforts increasingly emphasize the need for solutions that are locally designed and administered. Such reforms often require fundamental institutional change that is difficult to achieve amid the myriad forces that stabilize and reproduce existing institutional structures and functions. In practice, governance change is instead overwhelmingly incremental and tends to be punctuated by periods of adjustment in response to social or environmental shocks and disturbances. We present a comparative study of four major Colorado river basins and examine how each has evolved distinct arrangements of groundwater governance in response to regulatory and drought disturbances over the past century. We interrogate concepts of path-dependence and apply a historical lens to understand why locally designed institutions for self-regulation emerge in some Colorado groundwater basins but not in others. We uncover a pattern of collective action by groundwater users that first seeks to oppose state regulation, followed by acceptance and efforts to comply, and eventual attempts to get ahead of state regulation by enacting local institutions for self-regulation. We report these findings and discuss the insights they offer for understanding how adaptive natural resources institutions are shaped through time by the constraints and opportunities of path-dependence and local contexts.},
  file = {/home/alex/Zotero/storage/BBBU39M9/Loos et al. - 2022 - Individual to collective adaptation through increm.pdf}
}

@report{makarov2021,
  type = {Working Paper},
  title = {Blockchain {{Analysis}} of the {{Bitcoin Market}}},
  author = {Makarov, Igor and Schoar, Antoinette},
  date = {2021-10},
  series = {Working {{Paper Series}}},
  number = {29396},
  eprint = {29396},
  eprinttype = {National Bureau of Economic Research},
  doi = {10.3386/w29396},
  url = {https://nber.org/papers/w29396},
  urldate = {2023-01-27},
  abstract = {In this paper, we provide detailed analyses of the Bitcoin network and its main participants. We build a novel database using a large number of public and proprietary sources to link Bitcoin addresses to real entities and develop an extensive suite of algorithms to extract information about the behavior of the main market participants. We conduct three major pieces of analysis of the Bitcoin eco-system. First, we analyze the transaction volume and network structure of the main participants on the blockchain. Second, we document the concentration and regional composition of the miners which are the backbone of the verification protocol and ensure the integrity of the blockchain ledger. Finally, we analyze the ownership concentration of the largest holders of Bitcoin.},
  pubstate = {prepublished},
  file = {/home/alex/Zotero/storage/ASDP7PSX/Makarov and Schoar - 2021 - Blockchain Analysis of the Bitcoin Market.pdf}
}

@article{manning2019,
  title = {Production {{Externalities}} and the {{Gains}} from {{Management}} in a {{Spatially-Explicit Aquifer}}},
  author = {Manning, Dale T. and Suter, Jordan F.},
  date = {2019-01},
  journaltitle = {Journal of Agricultural and Resource Economics},
  volume = {44},
  number = {1},
  pages = {194--211,S1-S3},
  publisher = {Western Agricultural Economics Association},
  location = {Logan, United States},
  issn = {10685502},
  url = {https://proquest.com/docview/2173844520/abstract/760944A232D64D1FPQ/1},
  urldate = {2023-07-07},
  abstract = {Groundwater is a valuable input to agricultural production in many areas, but its use imposes external costs on nearby producers. Little attention has been given to externalities that directly affect groundwater productivity. We develop a dynamic, spatially-explicit model of groundwater use that allows changes in saturated thickness to affect both the pumping cost and productivity of nearby wells. We compare gains from coordinated, socially optimal groundwater use to those that result from a user pursuing unilateral optimization. For wells with average saturated thickness, both unilateral and coordinated optimization can moderately increase the net present value of resource rents.},
  langid = {english},
  pagetotal = {194-211,S1-S3},
  keywords = {Accounting,Agricultural economics,Agricultural production,Agriculture--Agricultural Economics,Aquifer management,Aquifers,Costs,Crops,Economic models,Elasticity,Environmental economics,Externality,Groundwater,Groundwater management,Hydrologic data,Irrigation,Land economics,Mathematical models,Optimization,Parameter estimation,Productivity,River basins,Rivers,Thickness,Water availability,Water levels,Water shortages},
  file = {/home/alex/Zotero/storage/XCYBF45C/Manning and Suter - 2019 - Production Externalities and the Gains from Manage.pdf}
}

@article{manning2020,
  title = {Non-Market Valuation in Integrated Assessment Modeling: {{The}} Benefits of Water Right Retirement},
  shorttitle = {Non-Market Valuation in Integrated Assessment Modeling},
  author = {Manning, Dale T. and Rad, Mani Rouhi and Suter, Jordan F. and Goemans, Christopher and Xiang, Zaichen and Bailey, Ryan},
  date = {2020-09-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {103},
  pages = {102341},
  issn = {0095-0696},
  doi = {10.1016/j.jeem.2020.102341},
  url = {https://sciencedirect.com/science/article/pii/S0095069620300644},
  urldate = {2023-07-07},
  abstract = {The impact of resource management on natural capital value depends on processes that affect resource stocks over space and time. We develop an integrated assessment modeling framework that links econometric estimates of non-market benefits from a resource stock to a spatially explicit model of resource dynamics. Results from a dichotomous choice contingent valuation survey are used to estimate a marginal willingness to pay function for groundwater, which has no market. We use the model to measure the economic benefits to agricultural producers of a program that pays for water right retirement. Under the baseline scenario, without water right retirement, the benefits from groundwater stocks in the study region decline in value by \$3.6 million over 15 years because of groundwater depletion. Water right retirement leads to groundwater benefits that are \$0.55 million higher than in the baseline after 15 years, but benefits vary greatly over space. Comparing this to an explicit program cost of \$45 million suggests that other social benefits from groundwater stocks must exist to justify the program from a benefit-cost perspective. Valuing the economic benefits from increasing natural capital stocks can inform policy and provide insight into the value of management in resource and environmental systems.},
  langid = {english},
  keywords = {Conservation policy,Contingent valuation method,Groundwater,Integrated assessment modeling,Natural capital,Non-market valuation},
  file = {/home/alex/Zotero/storage/5XR5INJ4/Manning et al. - 2020 - Non-market valuation in integrated assessment mode.pdf;/home/alex/Zotero/storage/G9VC6K8V/S0095069620300644.html}
}

@jurisdiction{marquez2015,
 title = {{San Antonio, Los Pinos and Conejos River Acequia Preservation Association v. Special Improvement District No. 1}},
 author = {{San Antonio, Los Pinos and Conejos River Acequia Preservation Association v. Special Improvement District No. 1}},
 shortauthor = {Márquez},
  %author = {Márquez, Monica},
  date = {2015-06-29},
  citation = {{Judge Monica Márquez, Supreme Court of Colorado, No. 13SA135}},
  number = {2015 CO 52 No. 13SA135},
  institution = {The Supreme Court of the State of Colorado},
  url = {https://rgwcd.org/files/ae481ac69/Opinion.pdf},
  urldate = {2024-04-25},
  file = {/home/alex/Zotero/storage/QYTAX2A9/Opinion.pdf}
}

@article{martinpersson2013,
  title = {Conditional {{Cash Transfers}} and {{Payments}} for {{Environmental Services}}—{{A Conceptual Framework}} for {{Explaining}} and {{Judging Differences}} in {{Outcomes}}},
  author = {Martin Persson, U. and Alpízar, Francisco},
  date = {2013-03},
  journaltitle = {World Development},
  shortjournal = {World Development},
  volume = {43},
  pages = {124--137},
  issn = {0305750X},
  doi = {10.1016/j.worlddev.2012.10.006},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0305750X12002501},
  urldate = {2023-07-21},
  abstract = {We develop a conceptual framework elucidating the main determinants of the impact of Conditional Cash Transfer (CCT) and Payments for Environmental Services (PES) programs. Using a simple multi-agent model and evaluations of existing programs, we show that (1) the share of the population who would meet the program’s conditions in the absence of payments is a powerful predictor of program efficiency, and that (2) program efficiency is eroded by selection bias (people who already meet conditions self-select into the programs at higher rates than others). We then discuss possibilities for increasing efficiency and criteria for evaluating and choosing between CCTs/PES or other policy instruments.},
  langid = {english},
  file = {/home/alex/Zotero/storage/ZZW4F47I/Martin Persson and Alpízar - 2013 - Conditional Cash Transfers and Payments for Enviro.pdf}
}

@article{mason2018,
  title = {Price {{Elasticity}} of {{Supply}} and {{Productivity}}: {{An Analysis}} of {{Natural Gas Wells}} in {{Wyoming}}},
  shorttitle = {Price {{Elasticity}} of {{Supply}} and {{Productivity}}},
  author = {Mason, Charles F. and Roberts, Gavin},
  date = {2018-09-15},
  journaltitle = {The Energy Journal},
  volume = {39},
  number = {S1},
  pages = {79--101},
  publisher = {International Association for Energy Economics},
  issn = {01956574},
  doi = {10.5547/01956574.39.SI1.cmas},
  url = {https://go.gale.com/ps/i.do?p=AONE&sw=w&issn=01956574&v=2.1&it=r&id=GALE%7CA562868610&sid=googleScholar&linkaccess=abs},
  urldate = {2022-10-13},
  abstract = {{$<$}em{$>$}Gale{$<$}/em{$>$} Academic OneFile includes Price Elasticity of Supply and Productivity: An Analysi by Charles F. Mason and Gavin Roberts. Click to explore.},
  langid = {english},
  file = {/home/alex/Zotero/storage/K3MHSLFC/Mason and Roberts - 2018 - Price Elasticity of Supply and Productivity An An.PDF;/home/alex/Zotero/storage/RJUKEZ25/i.html}
}

@article{mccaffrey2004,
  title = {Propensity {{Score Estimation With Boosted Regression}} for {{Evaluating Causal Effects}} in {{Observational Studies}}},
  author = {McCaffrey, Daniel and Ridgeway, Greg and Morral, Andrew},
  date = {2004-12-01},
  journaltitle = {Psychological methods},
  shortjournal = {Psychological methods},
  volume = {9},
  pages = {403--25},
  doi = {10.1037/1082-989X.9.4.403},
  abstract = {Causal effect modeling with naturalistic rather than experimental data is challenging. In observational studies participants in different treatment conditions may also differ on pretreatment characteristics that influence outcomes. Propensity score methods can theoretically eliminate these confounds for all observed covariates, but accurate estimation of propensity scores is impeded by large numbers of covariates, uncertain functional forms for their associations with treatment selection, and other problems. This article demonstrates that boosting, a modern statistical technique, can overcome many of these obstacles. The authors illustrate this approach with a study of adolescent probationers in substance abuse treatment programs. Propensity score weights estimated using boosting eliminate most pretreatment group differences and substantially alter the apparent relative effects of adolescent substance abuse treatment.},
  file = {/home/alex/Zotero/storage/IX6NW55C/Mccaffrey et al. - 2004 - Propensity Score Estimation With Boosted Regressio.pdf}
}

@misc{mccaffrey2016,
  title = {Propensity {{Scores}} for {{Multiple Treatments}}: {{A Tutorial}} for the {{MNPS Macro}} in the {{TWANG SAS Macros}}},
  author = {McCaffrey, Daniel and Burgette, Lane and Griffin, Beth Ann and Martin, Craig},
  date = {2016-06-16},
  langid = {english},
  organization = {RAND Corporation},
  url = {https://rand.org/pubs/tools/TL169z1.html},
	urldate = {2024-12-02},
  file = {/home/alex/Zotero/storage/VVTC9I2Q/McCaffrey et al. - Propensity Scores for Multiple Treatments A Tutor.pdf}
}

@book{mccain2017,
  title = {Properties of {{Petroleum Fluids}}},
  author = {{McCain William D Jr}},
  date = {2017},
  edition = {3},
  publisher = {PennWell},
  location = {Tulsa, Oklahoma},
  abstract = {Petroleum can exist as either a liquid or a gas, either in the reservoir or on the trip to the surface. These properties are the basis for the chemistry of petroleum. This long-awaited new edition to author acclaimed text expands on the various compounds of this essential hydrocarbon. It includes new chapters on petroleum gas condensates and volatile oils, while the discussion on oilfield waters is extended. A vital resource for petroleum engineering students, this book is equally useful as a reference for practicing engineers. New Features: Two new chapters on gas condensates; A new chapter on volatile oils; A simplified explanation of phase behavior and an extended discussion of oilfield waters; An expanded review of the components of petroleum and the methods of determining its composition.},
  isbn = {978-1-59370-373-8},
  langid = {english},
  keywords = {Oil & Gas Engineering,Petrochemistry & Petrochemicals}
}

@article{menapace2013,
  title = {Risk {{Aversion}}, {{Subjective Beliefs}}, and {{Farmer Risk Management Strategies}}},
  author = {Menapace, Luisa and Colson, Gregory and Raffaelli, Roberta},
  date = {2013},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {95},
  number = {2},
  eprint = {23358407},
  eprinttype = {jstor},
  pages = {384--389},
  publisher = {[Agricultural \& Applied Economics Association, Oxford University Press]},
  issn = {0002-9092},
  url = {https://jstor.org/stable/23358407},
  urldate = {2024-04-17},
  file = {/home/alex/Zotero/storage/Y2ZRUGUV/Menapace et al. - 2013 - Risk Aversion, Subjective Beliefs, and Farmer Risk.pdf}
}

@online{mondragon2024,
  title = {Rio {{Grande Account Search}}},
  author = {Mondragon, J.J.},
  date = {2024},
  url = {https://assessor.riograndecounty.org/assessor/taxweb/search.jsp},
  urldate = {2024-06-03},
  organization = {Rio Grande County County Tax Web},
  file = {/home/alex/Zotero/storage/EV8J6IZW/search.html}
}

@article{monger2018,
  title = {Retiring {{Land}} to {{Save Water}}: {{Participation}} in {{Colorado}}'s {{Republican River Conservation Reserve Enhancement Program}}},
  shorttitle = {Retiring {{Land}} to {{Save Water}}},
  author = {Monger, Randall G. and Suter, Jordan F. and Manning, Dale T. and Schneekloth, Joel P.},
  date = {2018-02},
  journaltitle = {Land Economics},
  volume = {94},
  number = {1},
  pages = {36--51},
  publisher = {University of Wisconsin Press},
  issn = {00237639},
  doi = {10.3368/le.94.1.36},
  url = {https://jstor.org/stable/26448861},
  urldate = {2023-07-07},
  abstract = {Agricultural land retirement is increasingly used to manage water resources. This study uses well-level enrollment data to explore the factors that influence landowner participation in the Colorado Republican River Conservation Reserve Enhancement Program. An empirical model of enrollment is informed by a theoretical model of participation that incorporates aquifer and soil characteristics in addition to financial incentives. Our results reveal that enrollment is predicted to increase by 0.087 percentage points with a \$10 increase in the incentives offered. The probability of enrollment is also influenced by the aquifer's saturated thickness and the soil characteristics that impact land productivity.},
  keywords = {Aquifers,Colorado,Conservation Reserve Enhancement Program (U.S.),Land retirement,Monetary incentives,Rivers,Water conservation},
  file = {/home/alex/Zotero/storage/ZGI7RGRX/Monger et al. - 2018 - Retiring Land to Save Water Participation in Colo.pdf}
}

@article{mora2018,
  title = {Bitcoin Emissions Alone Could Push Global Warming above 2°{{C}}},
  author = {Mora, Camilo and Rollins, Randi L. and Taladay, Katie and Kantar, Michael B. and Chock, Mason K. and Shimada, Mio and Franklin, Erik C.},
  date = {2018},
  journaltitle = {Nature climate change},
  volume = {8},
  number = {11},
  pages = {931--933},
  publisher = {Nature Publishing Group},
  location = {London},
  issn = {1758-678X},
  doi = {10.1038/s41558-018-0321-8},
  abstract = {Bitcoin is a power-hungry cryptocurrency that is increasingly used as an investment and payment system. Here we show that projected Bitcoin usage, should it follow the rate of adoption of other broadly adopted technologies, could alone produce enough CO2 emissions to push warming above 2 °C within less than three decades.},
  langid = {english},
  keywords = {Carbon dioxide,Carbon dioxide emissions,Climate change,Digital currencies,Emissions,Global warming,Meteorology,Payment systems},
  file = {/home/alex/Zotero/storage/7QWTR7M9/Mora et al. - 2018 - Bitcoin emissions alone could push global warming .pdf}
}

@article{moussa2021,
  title = {Exploring the Dynamic Relationship between {{Bitcoin}} and Commodities: {{New}} Insights through {{STECM}} Model},
  shorttitle = {Exploring the Dynamic Relationship between {{Bitcoin}} and Commodities},
  author = {Moussa, Wajdi and Mgadmi, Nidhal and Béjaoui, Azza and Regaieg, Rym},
  date = {2021-12-01},
  journaltitle = {Resources Policy},
  shortjournal = {Resources Policy},
  volume = {74},
  pages = {102416},
  issn = {0301-4207},
  doi = {10.1016/j.resourpol.2021.102416},
  url = {https://sciencedirect.com/science/article/pii/S0301420721004256},
  urldate = {2022-05-09},
  abstract = {This paper investigates the dynamic relationships between Bitcoin, Oil, Natural Gas, Gold and Coal in the short- and long-run over the period 2011–2018. For this end, we use a Smooth Transition Error Correction Model (STECM) to accommodate the presence of some stylized facts (the nonlinearity and asymmetry) in the adjustment process of Bitcoin towards their long-run equilibrium. We show significant long-run equilibrium links for Bitcoin, which seems to be asymmetric and nonlinear. Gold and Oil Brent Crude logarithmic prices potentially and significantly influence the Bitcoin logarithmic prices. Our empirical results also indicate that the current Bitcoin logarithmic prices have a significant and positive impact on their lagged values for both regimes, implying some symmetric memory effects over time. Such analysis of the interlinkages between different assets could be interesting from investment and academic perspectives.},
  langid = {english},
  keywords = {Bitcoin,Portfolio management,STECM},
  file = {/home/alex/Zotero/storage/AAJQJPML/Moussa et al. - 2021 - Exploring the dynamic relationship between Bitcoin.pdf;/home/alex/Zotero/storage/VLBFRNRZ/S0301420721004256.html}
}

@online{moveinc.2024,
  title = {Center, {{CO Land}} for {{Sale}} \& {{Real Estate}}},
  author = {{Move, Inc.}},
  date = {2024-06-03},
  url = {https://realtor.com/realestateandhomes-search/Center_CO/type-land},
  urldate = {2024-06-03},
  abstract = {Find Center, CO land for sale at realtor.com®. Find information about ranches, lots, acreage and more at realtor.com®.},
  langid = {english},
  organization = {Realtor},
  file = {/home/alex/Zotero/storage/7RVFHG32/type-land.html}
}

@book{mullan2016,
  title = {A {{History}} of {{Digital Currency}} in the {{United States}}: {{New Technology}} in an {{Unregulated Market}}},
  shorttitle = {A {{History}} of {{Digital Currency}} in the {{United States}}},
  author = {Mullan, P. Carl},
  date = {2016},
  series = {Palgrave {{Advances}} in the {{Economics}} of {{Innovation}} and {{Technology}}},
  publisher = {Palgrave Macmillan US},
  location = {New York},
  doi = {10.1057/978-1-137-56870-0},
  abstract = {This book presents detailed case studies of the first commercial internet digital currency systems developed between 1996 and 2004. Transactions completed with the new technology circumvented all US financial regulations, an opening that transnational criminals exploited. Mullan explains how an entire industry of companies, agents, and participants turned a blind eye to crimes being committed in this unsupervised environment. He then tracks the subsequent changes made to US regulations that now prevent such unlicensed activity, illustrating the importance of supervising products and industries that arise from new disruptive technology. This book distills hundreds of hours of interviews with the creators and operators of early digital currency businesses to create detailed case studies of their practices.},
  isbn = {978-1-137-56869-4},
  langid = {english},
  keywords = {E-business,e-Business/e-Commerce,Economic History,Economics and Finance,Electronic funds transfers,Finance,Financial History,Macroeconomics/Monetary Economics//Financial Economics,Risk Management},
  file = {/home/alex/Zotero/storage/DMHHVUIG/Mullan - 2016 - A History of Digital Currency in the United States.pdf}
}

@article{naeem2021,
  title = {Tail Dependence between Bitcoin and Green Financial Assets},
  author = {Naeem, Muhammad Abubakr and Karim, Sitara},
  date = {2021-11},
  journaltitle = {Economics Letters},
  shortjournal = {Economics Letters},
  volume = {208},
  pages = {110068},
  issn = {01651765},
  doi = {10.1016/j.econlet.2021.110068},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0165176521003451},
  urldate = {2023-01-27},
  abstract = {The high power consumption of Bitcoin transactions has raised environmental and sustainable concerns of green investors and regulatory bodies. We utilize the time-varying optimal copula (TVOC) approach to showcase the dependence structure between bitcoin and green financial assets. We find multiple tail-dependence regimes characterize the extreme dependence between bitcoin and green financial assets, and the dependence structure is mainly asymmetric and time-varying. Finally, the hedging effectiveness of green financial assets for bitcoin revealed that all green assets, especially clean energy, are effective hedges for bitcoin.},
  langid = {english},
  file = {/home/alex/Zotero/storage/WJ4YQK6C/Naeem and Karim - 2021 - Tail dependence between bitcoin and green financia.pdf}
}

@article{nakamoto2008,
  title = {Bitcoin: {{A Peer-to-Peer Electronic Cash System}}},
  author = {Nakamoto, Satoshi},
  date = {2008-10-31},
  url = {https://bitcoin.org/bitcoin.pdf},
  abstract = {A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.},
  langid = {english},
  file = {/home/alex/Zotero/storage/FIV5X5X3/Nakamoto - Bitcoin A Peer-to-Peer Electronic Cash System.pdf}
}

@report{nationalagriculturalstatisticsservice2012,
  title = {Small {{Grains}} 2012 {{Summary}}},
  author = {{National Agricultural Statistics Service}},
  shortauthor = {{NASS}},
  date = {2012-09-30},
  number = {ISSN: 1949-162X},
  institution = {United States Department of Agriculture},
  url = {https://downloads.usda.library.cornell.edu/usda-esmis/files/5t34sj573/ms35tp36v/3197z0970/smgr0919.pdf},
  langid = {english}
}

@report{nationalagriculturalstatisticsservice2013,
  title = {Potatoes 2012 {{Summary}}},
  author = {{National Agricultural Statistics Service}},
  shortauthor = {{NASS}},
  date = {2013-09},
  number = {ISSN: 1949-1514},
  institution = {United States Department of Agriculture},
  url = {https://nass.usda.gov/Publications/Todays_Reports/reports/pots0920.pdf},
  urldate = {2024-02-27},
  langid = {english}
}

@report{nationalagriculturalstatisticsservice2019,
  title = {Small {{Grains}} 2019 {{Summary}}},
  author = {{National Agricultural Statistics Service}},
  shortauthor = {{NASS}},
  date = {2019-09-30},
  number = {ISSN: 1949-162X},
  institution = {United States Department of Agriculture},
  url = {https://downloads.usda.library.cornell.edu/usda-esmis/files/5t34sj573/ms35tp36v/3197z0970/smgr0919.pdf},
  langid = {english},
  file = {/home/alex/Zotero/storage/757QH8I3/2019 - Small Grains 2019 Summary 09302019.pdf}
}

@report{nationalagriculturalstatisticsservice2019a,
  title = {Potatoes 2019 {{Summary}}},
  author = {{National Agricultural Statistics Service}},
  shortauthor = {{NASS}},
  date = {2020-09},
  number = {ISSN: 1949-1514},
  institution = {United States Department of Agriculture},
  url = {https://nass.usda.gov/Publications/Todays_Reports/reports/pots0920.pdf},
  urldate = {2024-02-27},
  langid = {english},
  file = {/home/alex/Zotero/storage/26UIV4CS/2019 - Potatoes 2019 Summary 09172020.pdf}
}

@article{negri1989,
  title = {The Common Property Aquifer as a Differential Game},
  author = {Negri, Donald H.},
  date = {1989},
  journaltitle = {Water Resources Research},
  volume = {25},
  number = {1},
  pages = {9--15},
  issn = {1944-7973},
  doi = {10.1029/WR025i001p00009},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1029/WR025i001p00009},
  urldate = {2023-07-16},
  abstract = {Open-loop and feedback equilibria are compared using a common property aquifer model. Open-loop solutions correspond to assuming that participants commit themselves in the initial period to pumping rates in all future periods. Feedback solutions represent a more realistic assumption as farm operators adopt pumping strategies that depend on the reserve stock of water. Comparing the two equilibrium concepts reveals two sources of dynamic inefficiency in the common property aquifer: a pumping cost externality and a “strategic externality” that arises from the competition among users to capture the groundwater reserves. The qualitative results show that the open-loop solution captures only the pumping cost externality. The feedback solution captures both externalities and exacerbates the over- exploitation of the commons compared to the open-loop solution. Moreover, the dynamic inefficiency resulting from both externalities increases in the number of independent landowners with access to the aquifer.},
  langid = {english},
  file = {/home/alex/Zotero/storage/JYN4AQ3C/WR025i001p00009.html}
}

@article{newell2019,
  title = {Trophy {{Hunting}} versus {{Manufacturing Energy}}: {{The Price Responsiveness}} of {{Shale Gas}}},
  shorttitle = {Trophy {{Hunting}} versus {{Manufacturing Energy}}},
  author = {Newell, Richard G. and Prest, Brian C. and Vissing, Ashley B.},
  date = {2019-03-02},
  journaltitle = {Journal of the Association of Environmental and Resource Economists},
  volume = {6},
  number = {2},
  pages = {391--431},
  publisher = {The University of Chicago Press},
  issn = {2333-5955},
  doi = {10.1086/701531},
  url = {https://journals.uchicago.edu/doi/abs/10.1086/701531},
  urldate = {2023-02-03},
  abstract = {We analyze the relative price responsiveness of unconventional versus conventional natural gas extraction. We separately analyze three key stages of gas production: drilling wells, completing wells, and producing natural gas from the completed wells. The most important margin is drilling investment, and neither production from existing wells nor completion times respond strongly to prices. We estimate a gas drilling response of 0.9\% per 1\% gas price shock, for both conventional and unconventional sources. Nonetheless, because unconventional wells produce about three times more gas per well than conventional ones, the supply response is much larger for unconventional supply. Accounting for changes to the level and composition of drilling activity, the gas supply is about three times more responsive during the “shale era” of 2010–15 compared to 2000–2005. We illustrate how the distinctions between the stages of production (drilling, completion, and production) are key to understanding price responsiveness.},
  keywords = {D24,drilling,L71,natural gas supply,Q41,shale gas,supply response},
  file = {/home/alex/Zotero/storage/9LHJ5GT5/Newell et al. - 2019 - Trophy Hunting versus Manufacturing Energy The Pr.pdf}
}

@article{nick2014,
  title = {What Drives Natural Gas Prices? — {{A}} Structural {{VAR}} Approach},
  shorttitle = {What Drives Natural Gas Prices?},
  author = {Nick, Sebastian and Thoenes, Stefan},
  date = {2014-09},
  journaltitle = {Energy Economics},
  shortjournal = {Energy Economics},
  volume = {45},
  pages = {517--527},
  issn = {01409883},
  doi = {10.1016/j.eneco.2014.08.010},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0140988314001911},
  urldate = {2023-01-27},
  abstract = {In this study, we develop a structural vector autoregressive model (VAR) for the German natural gas market. Our setup allows us to analyze the determinants of the natural gas price in a comprehensive framework. In particular, we illustrate the usefulness of our approach by disentangling the effects of different fundamental influences on gas prices during three recent supply interruptions: the Russian–Ukrainian gas dispute of January 2009, the Libyan civil war in 2011 and the withheld Russian exports in February 2012. Our results show that the natural gas price is affected by temperature, storage and supply shortfalls in the short term, while the long-term development is closely tied to both crude oil and coal prices, capturing the economic climate and the substitution relationship between the different energy commodities.},
  langid = {english},
  file = {/home/alex/Zotero/storage/2NWS6AJ8/Nick and Thoenes - 2014 - What drives natural gas prices — A structural VAR.pdf}
}

@article{nkoro2016,
  title = {Autoregressive {{Distributed Lag}} ({{ARDL}}) Cointegration Technique: Application and Interpretation},
  shorttitle = {Autoregressive {{Distributed Lag}} ({{ARDL}}) Cointegration Technique},
  author = {Nkoro, Emeka and {Aham Kelvin Uko}},
  date = {2016},
  journaltitle = {Journal of Statistical and Econometric Methods},
  volume = {5},
  number = {4},
  publisher = {Scientific Press International Limited},
  location = {Christchurch},
  issn = {2241-0384},
  url = {https://search.proquest.com/publiccontent/docview/2573399409?pq-origsite=primo},
  urldate = {2023-02-11},
  abstract = {Economic analysis suggests that there is a long run relationship between variables under consideration as stipulated by theory. This means that the long run relationship properties are intact. In other words, the means and variances are constant and not depending on time. However, most empirical researches have shown that the constancy of the means and variances are not satisfied in analyzing time series variables. In the event of resolving this problem most cointegration techniques are wrongly applied, estimated, and interpreted. One of these techniques is the Autoregressive Distributed Lag (ARDL) cointegration technique or bound cointegration technique. Hence, this study reviews the issues surrounding the way cointegration techniques are applied, estimated and interpreted within the context of ARDL cointegration framework. The study shows that the adoption of the ARDL cointegration technique does not require pretests for unit roots unlike other techniques. Consequently, ARDL cointegration technique is preferable when dealing with variables that are integrated of different order, I(0), I(1) or combination of the both and, robust when there is a single long run relationship between the underlying variables in a small sample size. The long run relationship of the underlying variables is detected through the F-statistic (Wald test). In this approach, long run relationship of the series is said to be established when the Fstatistic exceeds the critical value band. The major advantage of this approach lies in its identification of the cointegrating vectors where there are multiple cointegrating vectors. However, this technique will crash in the presence of integrated stochastic trend of I(2). To forestall effort in futility, it may be advisable to test for unit roots, though not as a necessary condition. Based on forecast and policy stance, there is need to explore the necessary conditions that give rise to ARDL cointegration technique in order to avoid its wrongful application, estimation, and interpretation. If the conditions are not followed, it may lead to model misspecification and inconsistent and unrealistic estimates with its implication on forecast and policy. However, this paper cannot claim to have treated the underlying issues in their greatest details, but have endeavoured to provide sufficient insight into the issues surrounding ARDL cointegration technique to young practitioners to enable them to properly apply, estimate, and interpret; in addition to following discussions of the issues in some more advanced texts.},
  langid = {english},
  file = {/home/alex/Zotero/storage/XJR88FKS/Nkoro and Uko - Autoregressive Distributed Lag (ARDL) cointegratio.pdf}
}

@letter{odor2003,
  type = {Letter},
  title = {Acceptance Letters from the State Engineer's Office},
  author = {Odor, Jack},
  date = {2003},
  publisher = {Colorado State University. Libraries},
  url = {https://mountainscholar.org/handle/10217/41031},
  urldate = {2021-04-30},
  abstract = {Correspondence between GASP and the State Engineer's office seeking and granting approval for water recharge plans.},
  langid = {english},
  file = {/home/alex/Zotero/storage/44T4UJMM/Author - 1974 - Acceptance letters from the state engineer's offic.pdf;/home/alex/Zotero/storage/TTCCRLBN/Author - 1974 - Acceptance letters from the state engineer's offic.pdf;/home/alex/Zotero/storage/PFL5DDXJ/41031.html}
}

@inproceedings{odwyer2014,
  title = {Bitcoin {{Mining}} and Its {{Energy Footprint}}},
  booktitle = {25th {{IET Irish Signals}} \& {{Systems Conference}} 2014 and 2014 {{China-Ireland International Conference}} on {{Information}} and {{Communications Technologies}} ({{ISSC}} 2014/{{CIICT}} 2014)},
  author = {O'Dwyer, K. J. and Malone, D.},
  date = {2014},
  pages = {280--285},
  publisher = {IET},
  location = {Stevenage, UK},
  doi = {10.1049/cp.2014.0699},
  abstract = {Bitcoin is a digital cryptocurrency that has generated considerable public interest, including both booms in value and busts of exchanges dealing in Bitcoins. One of the fundamental concepts of Bitcoin is that work, called mining, must be done in checking all monetary transactions, which in turn creates Bitcoins as a reward. In this paper we look at the energy consumption of Bitcoin mining. We consider if and when Bitcoin mining has been profitable compared to the energy cost of performing the mining, and conclude that specialist hardware is usually required to make Bitcoin mining profitable. We also show that the power currently used for Bitcoin mining is comparable to Ireland's electricity consumption.},
  isbn = {978-1-84919-924-7},
  langid = {english},
  keywords = {Data handling techniques,Environmental aspects of computing,Financial computing,Knowledge engineering techniques},
  file = {/home/alex/Zotero/storage/F27I7SQT/O'Dwyer and Malone - 2014 - Bitcoin Mining and its Energy Footprint.pdf}
}

@thesis{ostrom1964,
  type = {phdthesis},
  title = {Public {{Entrepreneurship}}: {{A Case Study}} in {{Ground Water Basin Management}}},
  shorttitle = {Public {{Entrepreneurship}}},
  author = {Ostrom, Elinor},
  date = {1964},
  institution = {University of California, Los Angeles},
  location = {United States -- California},
  url = {https://proquest.com/docview/302168853/abstract/84EFE91D0B3D4523PQ/1},
  urldate = {2024-04-22},
  abstract = {The traditional literature of political science and economics has given little consideration to the strategy used by individuals in organizing public enterprises to provide public goods and services. Economists have long been concerned with entrepreneurship, but have largely confined their analysis of entrepreneurship to the private market economy. Political scientists most often take a governmental agency as given and rarely investigate the problems of undertaking new public enterprises. The perspective of public entrepreneurship was taken in this study in order to better understand the process of launching new public enterprises and of devising a public enterprise system to undertake a ground water basin management program. The study was based primarily upon the use of documentary materials.},
  isbn = {9798658124735},
  langid = {english},
  pagetotal = {631},
  keywords = {Basin management,Ground water,Public entrepreneurship,Social sciences},
  file = {/home/alex/Zotero/storage/I4C5PY9I/Ostrom - Public Entrepreneurship A Case Study in Ground Wa.pdf;/home/alex/Zotero/storage/XA56ZGE7/fxtFM}
}

@inproceedings{ostrom1989,
  title = {Communication in a {{Commons}}: {{Cooperation Without External Enforcement}}},
  booktitle = {American {{Political Science Association}} Meetings},
  author = {Ostrom, Elinor and Walker, James M},
  date = {1989-07-20},
  location = {Atlanta, Georgia},
  abstract = {The experiments reported in this paper provide strong evidence for the power of face-to-face communication in a repeated common-pool resource environment where decisions are made privately. When communication was provided as a "costless" institution, players successfully used the opportunity to: (a) calculate coordinated rent improving strategies, (b) devise verbal agreements to implement these strategies, and (c) deal with non-conforming players. In field settings, it is rare that the opportunity to communicate is costless. Someone has to invest time and effort to create and maintain arenas for face-to-face communication. The cost of providing an arena for communicating has not been overtly considered in previous experimental work. We report the results from a series of experiments designed to investigate the affect of costly provision of the communication mechanism on: a) the ability of players to provide the mechanism; and b) the impact of the second order dilemma in solving the first order dilemma posed by the common pool environment itself. In summary, the provision problem players faced in the costly communication experiments was not trivial and did in fact create a barrier. In all three experiments, the problem of providing the institution for communication diminished the success of either: (a) having the ability to develop a coordinated strategy and/or (b) dealing with players who cheated on a previous agreement. On the other hand, all groups succeeded to some degree in providing the communication mechanism and in significantly improving the efficiency of resource allocation decisions.},
  eventtitle = {Workshop in {{Political Theory}} \& {{Policy Analysis}}},
  langid = {english},
  file = {/home/alex/Zotero/storage/JAT6WBAD/Ostrom and Walker - COMMUNICATION IN A COMMONS COOPERATION WITHOUT EX.pdf}
}

@book{ostrom1990,
  title = {Governing the Commons: The Evolution of Institutions for Collective Action},
  shorttitle = {Governing the Commons},
  author = {Ostrom, Elinor},
  date = {1990},
  series = {The {{Political}} Economy of Institutions and Decisions},
  publisher = {Cambridge University Press},
  location = {Cambridge [England] ;},
  isbn = {978-0-521-37101-8},
  langid = {english},
  pagetotal = {xviii+280},
  keywords = {Commons,Social choice}
}

@article{palmquist1989,
  title = {Land as a {{Differentiated Factor}} of {{Production}}: {{A Hedonic Model}} and {{Its Implications}} for {{Welfare Measurement}}},
  shorttitle = {Land as a {{Differentiated Factor}} of {{Production}}},
  author = {Palmquist, Raymond B.},
  date = {1989-02},
  journaltitle = {Land Economics},
  shortjournal = {Land Economics},
  volume = {65},
  number = {1},
  pages = {23},
  publisher = {University of Wisconsin Press},
  issn = {00237639},
  doi = {10.2307/3146260},
  url = {https://jstor.org/stable/3146260},
  urldate = {2021-02-27},
  abstract = {The purpose of this paper is to develop a model of the derived demand for a differentiated factor of production (agricultural and) and to develop welfare measurement techniques that can be applied to various land and agricultural policy questions. While it is common to treat land as a homogeneous factor of production, each parcel of land actually has a large number of characteristics that will vary between tracts. These characteristics include characteristics that cannot be changed by the owner of the land and others that can be changed in response to market information. The owner cannot reasonably change the soil type or structure, the topsoil depth (although the rate of change in that depth can be influenced), the erosivity of the soil (although the amount of erosion can be affected), major topographic features or terrain, or climate including rainfall, temperature, and sunshine. Other features can be changed such as drainage, terracing, changing the pH or fertility, irrigation of the land, erosion control such as grass waterways or tillage techniques, and building structures on the land.},
  keywords = {Agricultural equipment,Agriculture,Drainage,Fertility,Tillage,Transportation},
  file = {/home/alex/Zotero/storage/BGNEBH3G/Palmquist - 1989 - Land as a Differentiated Factor of Production A H.pdf;/home/alex/Zotero/storage/MES7KFL4/Palmquist - 1989 - Land as a Differentiated Factor of Production A H.pdf}
}

@article{parks1997,
  title = {Sustaining {{Open Space Benefits}} in the {{Northeast}}: {{An Evaluation}} of the {{Conservation Reserve Program}}},
  shorttitle = {Sustaining {{Open Space Benefits}} in the {{Northeast}}},
  author = {Parks, Peter J. and Schorr, James P.},
  date = {1997-01-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {32},
  number = {1},
  pages = {85--94},
  issn = {0095-0696},
  doi = {10.1006/jeem.1996.0956},
  url = {https://sciencedirect.com/science/article/pii/S0095069696909560},
  urldate = {2023-07-09},
  abstract = {A conceptual model is developed to analyze agricultural landowners' decisions to continue agricultural use, participate in conservation programs, or sell land. The model serves as the framework for an econometric study of participation in the Conservation Reserve Program by Northeastern landowners. Results identify significant differences in enrollment between metropolitan and nonmetropolitan counties in the region, and indicate that the Conservation Reserve Program is relatively unimportant to agricultural landowners in metropolitan counties. Also, the results indicate that if open space benefits are desired in metropolitan counties, alternative policies (e.g., purchase of development rights, zoning legislation) may be required.},
  langid = {english},
  file = {/home/alex/Zotero/storage/XRC359W6/Parks and Schorr - 1997 - Sustaining Open Space Benefits in the Northeast A.pdf;/home/alex/Zotero/storage/Z2CMGYBL/S0095069696909560.html}
}

@article{pesaran2001,
  title = {Bounds Testing Approaches to the Analysis of Level Relationships},
  author = {Pesaran, M. Hashem and Shin, Yongcheol and Smith, Richard J.},
  date = {2001},
  journaltitle = {Journal of applied econometrics (Chichester, England)},
  volume = {16},
  number = {3},
  pages = {289--326},
  publisher = {John Wiley \& Sons, Ltd},
  location = {Chichester, UK},
  issn = {0883-7252},
  doi = {10.1002/jae.616},
  abstract = {This paper develops a new approach to the problem of testing the existence of a level relationship between a dependent variable and a set of regressors, when it is not known with certainty whether the underlying regressors are trend- or first-difference stationary. The proposed tests are based on standard F- and t-statistics used to test the significance of the lagged levels of the variables in a univariate equilibrium correction mechanism. The asymptotic distributions of these statistics are non-standard under the null hypothesis that there exists no level relationship, irrespective of whether the regressors are I(0) or I(1). Two sets of asymptotic critical values are provided: one when all regressors are purely I(1) and the other if they are all purely 1(0). These two sets of critical values provide a band covering all possible classifications of the regressors into purely I(0), purely I(1) or mutually cointegrated. Accordingly, various bounds testing procedures are proposed. It is shown that the proposed tests are consistent, and their asymptotic distribution under the null and suitably defined local alternatives are derived. The empirical relevance of the bounds procedures is demonstrated by a re-examination of the earnings equation included in the UK Treasury macroeconometric model.},
  langid = {english},
  keywords = {Applied statistics,Brownian motion,Coefficients,Cointegration analysis,Critical values,Determinism,Distribution,Earnings,Econometrics,Economic conditions,Economic models,Economic theory,Hypotheses,Macroeconomics,Mathematical economics,Model testing,Null hypothesis,Real wages,Regression analysis,Statistical theories,Statistics,Studies,Trends,Unemployment,Unemployment benefits,Variables,Wage rates,Wages & salaries},
  file = {/home/alex/Zotero/storage/FWACQAQ6/Pesaran et al. - 2001 - Bounds testing approaches to the analysis of level.pdf}
}

@article{peterson2018a,
  title = {Citizen Preferences for Possible Energy Policies at the National and State Levels},
  author = {Peterson, Mark and Feldman, David},
  date = {2018-10-01},
  journaltitle = {Energy Policy},
  shortjournal = {Energy Policy},
  volume = {121},
  pages = {80--91},
  issn = {0301-4215},
  doi = {10.1016/j.enpol.2018.05.069},
  url = {https://sciencedirect.com/science/article/pii/S0301421518303872},
  urldate = {2023-02-27},
  abstract = {Without knowledge of citizen preferences, policy makers most often rely on their intuition to infer such preferences or on biased information provided by special interest groups. Using a choice-modeling approach, the study features two large-scale, field-research projects—one done nationally in the US, and another composed of separate data collection efforts across eight states where energy policies have a high profile in public discourse. The results suggest four outcomes of energy policies are most important to citizens at the national level: 1) environmental quality, 2) energy costs, 3) job creation, and 4) greenhouse gas emissions. This pattern of importance for the outcomes of energy policy persists across important demographic groups including those related to political-party affiliation. At the state level, the four preferred outcomes of energy policies seen at the national level also appear—although in a different order of preference in some states. Further analysis of citizens’ willingness to change energy policy at the state level suggests that risk aversion characterizes citizens’ views about revising energy policy.},
  langid = {english},
  keywords = {Choice modeling,Citizen preferences,Discrete choice experiment,Energy policy,Energy policy outcomes,Risk aversion},
  file = {/home/alex/Zotero/storage/C8QE56WN/Peterson and Feldman - 2018 - Citizen preferences for possible energy policies a.pdf;/home/alex/Zotero/storage/IGQ32H8K/S0301421518303872.html}
}

@online{peterson2024,
  title = {Saguache {{County Account Search}}},
  author = {Peterson, Peter},
  date = {2024},
  url = {https://saguachecountyco-assessor.tylerhost.net/assessor/taxweb/search.jsp},
  urldate = {2024-06-03},
  file = {/home/alex/Zotero/storage/SN7LWHQC/search.html}
}

@article{petrie2007,
  title = {Estimating the {{Value}} of {{Water Use Permits}}: {{A Hedonic Approach Applied}} to {{Farmland}} in the {{Southeastern United States}}},
  shorttitle = {Estimating the {{Value}} of {{Water Use Permits}}},
  author = {Petrie, Ragan A. and Taylor, Laura O.},
  date = {2007-08},
  journaltitle = {Land Economics},
  shortjournal = {Land Economics},
  volume = {83},
  number = {3},
  pages = {302--318},
  publisher = {University of Wisconsin Press},
  issn = {00237639},
  doi = {10.3368/le.83.3.302},
  url = {https://jstor.org/stable/27647774},
  urldate = {2021-02-26},
  abstract = {Agricultural irrigation permits in the Flint River Basin in Georgia had been routinely granted until a moratorium was placed on permit issuance in 1999. This research exploits this policy change within a hedonic-pricing framework to estimate the value of irrigation rights in the southeastern United States. While the value of irrigation rights has been studied extensively in the western United States, differences in property rights and legal regimes, as well as a lack of established water-rights markets in the eastern United States, leave us with little information regarding the value of irrigation rights in this setting.},
  keywords = {Agricultural policy -- United States,Dooly County (Ga.),Economics,Georgia,Government policy,Irrigation,Irrigation laws,Licenses,Property rights,Resource allocation,Rural land use,United States,Value (Economics),Water in agriculture,Water rights,Water use},
  file = {/home/alex/Zotero/storage/8TC8DSPV/Petrie and Taylor - 2007 - Estimating the Value of Water Use Permits A Hedon.pdf;/home/alex/Zotero/storage/TIRLI34K/Petrie and Taylor - 2007 - Estimating the Value of Water Use Permits A Hedon.pdf}
}

@article{pfeiffer2012,
  title = {Groundwater Pumping and Spatial Externalities in Agriculture},
  author = {Pfeiffer, Lisa and Lin, C.-Y. Cynthia},
  date = {2012-07-01},
  journaltitle = {Journal of Environmental Economics and Management},
  volume = {64},
  number = {1},
  pages = {16--30},
  issn = {0095-0696},
  doi = {10.1016/j.jeem.2012.03.003},
  url = {https://sciencedirect.com/science/article/pii/S0095069612000320},
  urldate = {2023-07-07},
  abstract = {We investigate the behavior of farmers who share an underground aquifer. In the case where seepage may occur the resource is nonexclusive, giving rise to a spatial externality whereby pumping by one user affects others nearby. Theoretically, these externalities are potentially important causes of welfare loss. Using a unique spatial data set of groundwater users in western Kansas, we are able to empirically measure the physical and behavioral effects of groundwater pumping by neighbors. To address the simultaneity of neighbors' pumping, we use the neighbors' permitted water allocation as an instrument for their pumping. We estimate that 2.5\% of the total groundwater extracted each year in western Kansas is over-extraction due to the effects of spatial externalities. Individuals who own multiple wells internalize their own externality by trading off pumping at one well for pumping at another.},
  langid = {english},
  keywords = {Common property resource,Groundwater management,Nonrenewable resources,Spatial externalities},
  file = {/home/alex/Zotero/storage/WKML76V8/Pfeiffer and Lin - 2012 - Groundwater pumping and spatial externalities in a.pdf;/home/alex/Zotero/storage/7R4269VF/S0095069612000320.html}
}

@article{pfeiffer2014,
  title = {Does Efficient Irrigation Technology Lead to Reduced Groundwater Extraction? {{Empirical}} Evidence},
  shorttitle = {Does Efficient Irrigation Technology Lead to Reduced Groundwater Extraction?},
  author = {Pfeiffer, Lisa and Lin, C.-Y. Cynthia},
  date = {2014-03-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {67},
  number = {2},
  pages = {189--208},
  issn = {0095-0696},
  doi = {10.1016/j.jeem.2013.12.002},
  url = {https://sciencedirect.com/science/article/pii/S0095069613001095},
  urldate = {2023-07-07},
  abstract = {Encouraging the use of more efficient irrigation technology is often viewed as an effective, politically feasible method to reduce the consumptive use of water for agricultural production. Despite its pervasive recommendation, it is not clear that increasing irrigation efficiency will lead to water conservation in practice. In this paper, we evaluate the effect of a widespread conversion from traditional center pivot irrigation systems to higher efficiency dropped-nozzle center pivot systems that has occurred in western Kansas. State and national cost-share programs subsidized the conversion. On an average, the intended reduction in groundwater use did not occur; the shift to more efficient irrigation technology has increased groundwater extraction, in part due to shifting crop patterns.},
  langid = {english},
  keywords = {Agriculture,Aquifer,Groundwater,Irrigation efficiency,Irrigation technology,Rebound effect,Water conservation},
  file = {/home/alex/Zotero/storage/Z54EUC6A/Pfeiffer and Lin - 2014 - Does efficient irrigation technology lead to reduc.pdf;/home/alex/Zotero/storage/3PBSYKQ3/S0095069613001095.html}
}

@book{pigou1924,
  title = {The {{Economics}} of {{Welfare}}},
  author = {Pigou, Arthur Cecil},
  date = {1924},
  edition = {1},
  eprint = {10kPAQAAIAAJ},
  eprinttype = {googlebooks},
  publisher = {Macmillan},
  location = {London},
  langid = {english},
  pagetotal = {820}
}

@article{plantinga2001,
  title = {The Supply of Land for Conservation Uses: Evidence from the Conservation Reserve Program},
  shorttitle = {The Supply of Land for Conservation Uses},
  author = {Plantinga, Andrew J and Alig, Ralph and Cheng, Hsiang-tai},
  date = {2001-03-01},
  journaltitle = {Resources, Conservation and Recycling},
  shortjournal = {Resources, Conservation and Recycling},
  volume = {31},
  number = {3},
  pages = {199--215},
  issn = {0921-3449},
  doi = {10.1016/S0921-3449(00)00085-9},
  url = {https://sciencedirect.com/science/article/pii/S0921344900000859},
  urldate = {2023-07-09},
  abstract = {From 1987 to 1990, the Conservation Reserve Program (CRP) operated similarly to a competitive market for conservation lands. Using CRP data on counties from this period, we estimate supply functions for conservation lands for nine US regions. The results allow regions to be grouped according to low (Mountain, North Plains), moderate (Cornbelt, Lake States, South Plains), and high (Appalachian, Delta States, Northeast, Southeast) costs based on acreage enrolled. In addition, they identify farmers’ perceived opportunity costs of enrolling cropland in a conservation program. The results provide potentially useful information to CRP administrators following the recent reauthorization of the program and also yield insights into the costs of other land conservation efforts.},
  langid = {english},
  keywords = {Conservation,Economic analyses,Land},
  file = {/home/alex/Zotero/storage/89PCTBIN/Plantinga et al. - 2001 - The supply of land for conservation uses evidence.pdf;/home/alex/Zotero/storage/9LFEN66I/S0921344900000859.html}
}

@article{prat2021,
  title = {An {{Equilibrium Model}} of the {{Market}} for {{Bitcoin Mining}}},
  author = {Prat, Julien and Walter, Benjamin},
  date = {2021-08},
  journaltitle = {Journal of Political Economy},
  volume = {129},
  number = {8},
  pages = {2415--2452},
  publisher = {University of Chicago},
  issn = {00223808},
  doi = {10.1086/714445},
  url = {https://journals.uchicago.edu/doi/full/10.1086/714445},
  urldate = {2024-12-02},
  abstract = {We propose a model that uses the exchange rate of Bitcoin against the US dollar to predict the computing power of Bitcoin's network. We show that free entry places an upper bound on mining revenues and explain how it can be identified. Calibrating the model's parameters allows us to accurately forecast the evolution of the network computing power over time. We find that a significant share of mining rewards was invested in mining equipment and that the seigniorage income of miners was limited.},
  keywords = {BITCOIN,CRYPTOCURRENCY mining,MARKET equilibrium,MARKETING models,U.S. dollar},
  file = {/home/alex/Zotero/storage/KCPA9V9S/Prat and Walter - 2021 - An Equilibrium Model of the Market for Bitcoin Min.pdf}
}

@article{provencher1993,
  title = {The {{Externalities Associated}} with the {{Common Property Exploitation}} of {{Groundwater}}},
  author = {Provencher, Bill and Burt, Oscar},
  date = {1993-03-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {24},
  number = {2},
  pages = {139--158},
  issn = {0095-0696},
  doi = {10.1006/jeem.1993.1010},
  url = {https://sciencedirect.com/science/article/pii/S0095069683710107},
  urldate = {2023-07-16},
  abstract = {In this paper the rate of groundwater extraction under the common property arrangement is the outcome of a dynamic game played with feedback strategies. The analysis clarifies the externalities associated with the common property extraction of groundwater and identifies an risk externality that arises when firms are risk averse. Identifying the various externalities bears on the development of appropriate forms of groundwater management. In particular, the risk externality would be unknown to the "watermaster" of a central control agency, suggesting the need for creative, decentralized forms of groundwater management.},
  langid = {english},
  file = {/home/alex/Zotero/storage/C4PQXLBU/main.pdf;/home/alex/Zotero/storage/795KUUBU/S0095069683710107.html}
}

@software{rcoreteam2023,
  title = {R: {{A Language}} and {{Environment}} for {{Statistical}}   {{Computing}}},
  author = {{R Core Team}},
  date = {2023-06-16},
  location = {Vienna, Austria.},
  url = {https://R-project.org/},
  organization = {R Foundation for Statistical Computing},
  version = {4.3.1 Beagle Scouts},
}

@article{rehman2021,
  title = {A Time–Frequency Comovement and Causality Relationship between {{Bitcoin}} Hashrate and Energy Commodity Markets},
  author = {Rehman, Mobeen Ur and Kang, Sang Hoon},
  date = {2021-08-01},
  journaltitle = {Global Finance Journal},
  shortjournal = {Global Finance Journal},
  volume = {49},
  pages = {100576},
  issn = {1044-0283},
  doi = {10.1016/j.gfj.2020.100576},
  url = {https://sciencedirect.com/science/article/pii/S1044028320302763},
  urldate = {2022-05-09},
  abstract = {This study examines time–frequency relationship between Bitcoin prices and Bitcoin mining based on daily data from January 2013 to October 2018. Bitcoin mining is measured through Bitcoin hashrate, which represents the completion speed of the Bitcoin code. We also include three energy commodities, i.e. oil, coal, and gas in a multivariate model employing time–frequency wavelet extensions in the form of partial and multivariate models. Results of our study suggest that both oil and gas lead Bitcoin returns from mid 2014 till 2016 across 64–~128~days' period. Under the investment period of 64–~256, hashrate and Bitcoin returns share significant comovement in the presence of oil and natural gas however exhibit no comovement when the effect of coal market is considered. Our results of wavelet decomposition suggest that the magnitude of comovement ranging from short- to long-run is time varying. Finally, results of the causality on quantile test suggest that Bitcoin returns cause changes in Bitcoin hashrate mostly during median quantiles with an asymmetric pattern. Our work entail implications for investors in the Bitcoin and energy market and is also helpful in forecasting the pricing behavior of Bitcoin using the hashrate and vice versa.},
  langid = {english},
  keywords = {Bitcoin hashrate,Bitcoin prices,Causality in quantiles analysis,Commodity futures,Wavelet analysis},
  file = {/home/alex/Zotero/storage/MBM8TUZE/Rehman and Kang - 2021 - A time–frequency comovement and causality relation.pdf;/home/alex/Zotero/storage/3SPJPM7T/S1044028320302763.html}
}

@misc{rgwcd2014,
  title = {{{CREP PowerPoint}}},
  author = {{Rio Grande Water Conservation District}},
  shortauthor = {{RGWCD}},
  date = {2014},
  url = {https://rgwcd.org/files/1def8c50c/CREP_PPT.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/JPI6R78H/CREP_PPT.pdf}
}

@misc{rgwcd2015,
  title = {Fact {{Sheet CREP- Colorado Rio Grande}}},
  author = {{Rio Grande Water Conservation District}},
  shortauthor = {{RGWCD}},
  date = {2015-02},
  url = {https://rgwcd.org/files/45978fdfb/2015Fact+Sheet+RG+CREP_updated2092015.pdf},
  urldate = {2023-06-23},
  organization = {Rio Grande Water Conservation District},
  file = {/home/alex/Zotero/storage/RPQDEYJN/2015Fact+Sheet+RG+CREP_updated2092015.pdf}
}

@online{rgwcd2024,
  title = {Closed {{Basin Project}}},
  author = {{Rio Grande Water Conservation District}},
  shortauthor = {{RGWCD}},
  date = {2024},
  url = {https://rgwcd.org/closed-basin-project},
  urldate = {2024-05-26},
  organization = {Rio Grande Water Conservation District},
  file = {/home/alex/Zotero/storage/UXZVBUXU/closed-basin-project.html}
}

@online{rgwcd2023,
  type = {Rio Grande Water Conservation District},
  title = {{{CREP}}},
  author = {{Rio Grande Water Conservation District}},
  shortauthor = {{RGWCD}},
  date = {2023},
  url = {https://rgwcd.org/crep},
  urldate = {2023-06-23},
  abstract = {The Colorado Rio Grande CREP is a partnership between the United States Department of Agriculture, the State of Colorado and Subdistrict No. 1 of the…},
  langid = {english},
  organization = {Rio Grande Water Conservation District},
  file = {/home/alex/Zotero/storage/96DPS6QV/crep.html}
}

@article{rosen1974,
  title = {Hedonic {{Prices}} and {{Implicit Markets}}: {{Product Differentiation}} in {{Pure Competition}}},
  shorttitle = {Hedonic {{Prices}} and {{Implicit Markets}}},
  author = {Rosen, Sherwin},
  date = {1974},
  journaltitle = {The Journal of political economy},
  volume = {82},
  number = {1},
  pages = {34--55},
  publisher = {The University of Chicago Press},
  location = {Chicago},
  issn = {0022-3808},
  doi = {10.1086/260169},
  abstract = {A CLASS OF DIFFERENTIATED PRODUCTS IS COMPLETELY DESCRIBED BY A VECTOR OF OBJECTIVELY MEASURED CHARACTERISTICS. OBSERVED PRODUCT PRICES AND THE SPECIFIC AMOUNTS OF CHARACTERISTICS ASSOCIATED WITH EACH GOOD DEFINE A SET OF IMPLICIT OR 'HEDONIC' PRICES. A THEORY OF HEDONIC PRICES IS FORMULATED AS A PROBLEM IN THE ECONOMICS OF SPATIAL EQUILIBRIUM IN WHICH THE ENTIRE SET OF IMPLICIT PRICES GUIDES BOTH CONSUMER AND PRODUCER LOCATIONAL MEANING AND NATURE OF MARKET EQUILIBRIUM, ARE ANALYZED. EMPIRICAL IMPLICATIONS FOR HEDONIC PRICE REGRESSIONS AND INDEX NUMBER CONSTRUCTION ARE POINTED OUT.},
  langid = {english},
  keywords = {Economics,Equipment and supplies,Microeconomics,Prices,Pricing,Product differentiation},
  file = {/home/alex/Zotero/storage/6SL7XY2C/Rosen - 1974 - Hedonic Prices and Implicit Markets Product Diffe.pdf}
}

@online{rosen2021,
  title = {Potato Fertilization on Irrigated Soils},
  author = {Rosen, Carl},
  date = {2021},
  url = {https://extension.umn.edu/crop-specific-needs/potato-fertilization-irrigated-soils},
  urldate = {2024-02-27},
  abstract = {Nutrient guidelines for Minnesota potato production on irrigated soils: Nitrogen, phosphate and potash fertilizer recommendations.},
  langid = {english},
  organization = {University of Minnesota Extension},
  file = {/home/alex/Zotero/storage/CHR6TQZE/potato-fertilization-irrigated-soils.html}
}

@article{rosenberg2020,
  title = {Targeting of {{Water Rights Retirement Programs}}: {{Evidence}} from {{Kansas}}},
  shorttitle = {Targeting of {{Water Rights Retirement Programs}}},
  author = {Rosenberg, Andrew B.},
  date = {2020-10},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {102},
  number = {5},
  pages = {1425--1447},
  publisher = {John Wiley \& Sons, Inc.},
  issn = {00029092},
  doi = {10.1111/ajae.12102},
  url = {https://onlinelibrary.wiley.com/doi/full/10.1111/ajae.12102},
  urldate = {2023-07-07},
  abstract = {This article assesses the water use impacts of the Conservation Reserve Enhancement Program in the Upper Arkansas River basin in Kansas, a water rights retirement program aimed at reducing depletion of the High Plains Aquifer. First, I use a fixed effects model with matched samples of farmers to determine the effect of the program on the water use of individuals who retire acreage. I find that every acre authorized for irrigation that is retired in the program represents about 1.28 acre‐feet of water that would have been used each year. Further, I do not find evidence that farmers increase their water use in an effort to satisfy program eligibility requirements. Second, I estimate a probit regression to determine which factors most influence the probability that a farmer retires a water right. Using the results of the probit regression, I then simulate enrollment decisions outside of the policy region to assess how features of the program impact its cost effectiveness and how the policy design could be improved. I find that programs that base incentives on past levels of water extraction lead to more water use reductions per dollar paid.},
  keywords = {Aquifer,conservation,FIXED effects model,irrigation,Kansas,KANSAS,LEAD in water,Q15,Q18,Q20,Q25,Q28,rights,WATER levels,WATER rights,WATER use},
  file = {/home/alex/Zotero/storage/2CTIHBDZ/Rosenberg - 2020 - Targeting of Water Rights Retirement Programs Evi.pdf}
}

@article{rouhirad2020,
  title = {Effects of Instantaneous Groundwater Availability on Irrigated Agriculture and Implications for Aquifer Management},
  author = {Rouhi Rad, Mani and Brozović, Nicholas and Foster, Timothy and Mieno, Taro},
  date = {2020-02-01},
  journaltitle = {Resource and Energy Economics},
  shortjournal = {Resource and Energy Economics},
  volume = {59},
  pages = {101129},
  issn = {0928-7655},
  doi = {10.1016/j.reseneeco.2019.101129},
  url = {https://sciencedirect.com/science/article/pii/S0928765518303816},
  urldate = {2023-07-07},
  abstract = {Groundwater is an important input for agricultural production in many parts of the world. Aquifer depletion has been shown to affect the rate that groundwater can be extracted from an aquifer. In this paper, we develop an analytical framework that accounts explicitly for the effects of limited instantaneous groundwater extraction rate (well capacity) on a producer's irrigation decisions. We show that limited well capacities can affect the producer’s groundwater use and profit. We draw three important insights from these findings. First, we demonstrate that the price elasticity of demand for groundwater is higher for lower well capacities. Second, farmers’ irrigation decisions are non-monotonic with respect to well capacity and climate conditions. Under a drier climate, producers with greater well capacities increase their groundwater use, and producers with lower well capacities reduce their water use. Third, through numerical analysis, we show that considering spatial heterogeneity in well capacities is important for estimating the cost-effectiveness and distributional impacts of groundwater management policies. Our results shed new light on the importance of extraction capacity for groundwater management policies and the potential impacts of climate change on agricultural production.},
  langid = {english},
  file = {/home/alex/Zotero/storage/XMTCMMQT/Rouhi Rad et al. - 2020 - Effects of instantaneous groundwater availability .pdf;/home/alex/Zotero/storage/YUQEWMB4/S0928765518303816.html}
}

@article{rouhirad2021,
  title = {Policy {{Leakage}} or {{Policy Benefit}}? {{Spatial Spillovers}} from {{Conservation Policies}} in {{Common Property Resources}}},
  shorttitle = {Policy {{Leakage}} or {{Policy Benefit}}?},
  author = {Rouhi Rad, Mani and Manning, Dale T. and Suter, Jordan F. and Goemans, Christopher},
  date = {2021-09},
  journaltitle = {Journal of the Association of Environmental and Resource Economists},
  volume = {8},
  number = {5},
  pages = {923--953},
  publisher = {The University of Chicago Press},
  issn = {2333-5955},
  doi = {10.1086/714148},
  url = {https://journals.uchicago.edu/doi/full/10.1086/714148},
  urldate = {2023-03-31},
  abstract = {Voluntary, incentive-based policies are often offered to resource users to address the overexploitation of common property resources. Spillovers from these policies have important implications for policy effectiveness. Considering different externalities that can affect producers’ irrigation decisions, we investigate whether permanently retiring groundwater rights impacts groundwater use among active neighboring groundwater users. We find that enrollment in the retirement program causes neighboring wells to initially pump less groundwater on average. However, water use reductions are only temporary, due to relative increases in stock levels over time. The results imply that policies that retire water rights may conserve more water than anticipated in the short term, but, over time, higher resource stocks could lead to policy leakage. We also present evidence that the decrease in groundwater use is driven by the shared resource stock. Our results provide empirical evidence for the importance of spatial spillovers related to common property resource management.},
  keywords = {common property resources,conservation,groundwater,Q18,Q25,Q30,spatial spillovers},
  file = {/home/alex/Zotero/storage/TKLHET7V/Rouhi Rad et al. - 2021 - Policy Leakage or Policy Benefit Spatial Spillove.pdf}
}

@thesis{rui2011,
  title = {Comprehensive Investigation into Historical Pipeline Construction Costs and Engineering Economic Analysis of {{Alaska}} In-State Gas Pipeline},
  author = {Rui, Zhenhua},
  date = {2011},
  institution = {University of Alaska Fairbanks},
  location = {Fairbanks},
  url = {https://search.proquest.com/docview/922680992?pq-origsite=primo},
  urldate = {2023-02-11},
  abstract = {This study analyzes historical cost data of 412 pipelines and 220 compressor stations. On the basis of this analysis, the study also evaluates the feasibility of an Alaska in-state gas pipeline using Monte Carlo simulation techniques. Analysis of pipeline construction costs shows that component costs, shares of cost components, and learning rates for material and labor costs vary by diameter, length, volume, year, and location. Overall average learning rates for pipeline material and labor costs are 6.1\% and 12.4\%, respectively. Overall average cost shares for pipeline material, labor, miscellaneous, and right of way (ROW) are 31\%, 40\%, 23\%, and 7\%, respectively. Regression models are developed to estimate pipeline component costs for different lengths, cross-sectional areas, and locations. An analysis of inaccuracy in pipeline cost estimation demonstrates that the cost estimation of pipeline cost components is biased except for in the case of total costs. Overall overrun rates for pipeline material, labor, miscellaneous, ROW, and total costs are 4.9\%, 22.4\%, -0.9\%, 9.1\%, and 6.5\%, respectively, and project size, capacity, diameter, location, and year of completion have different degrees of impacts on cost overruns of pipeline cost components. Analysis of compressor station costs shows that component costs, shares of cost components, and learning rates for material and labor costs vary in terms of capacity, year, and location. Average learning rates for compressor station material and labor costs are 12.1\% and 7.48\%, respectively. Overall average cost shares of material, labor, miscellaneous, and ROW are 50.6\%, 27.2\%, 21.5\%, and 0.8\%, respectively. Regression models are developed to estimate compressor station component costs in different capacities and locations. An investigation into inaccuracies in compressor station cost estimation demonstrates that the cost estimation for compressor stations is biased except for in the case of material costs. Overall average overrun rates for compressor station material, labor, miscellaneous, land, and total costs are 3\%, 60\%, 2\%, -14\%, and 11\%, respectively, and cost overruns for cost components are influenced by location and year of completion to different degrees. Monte Carlo models are developed and simulated to evaluate the feasibility of an Alaska in-state gas pipeline by assigning triangular distribution of the values of economic parameters. Simulated results show that the construction of an Alaska in-state natural gas pipeline is feasible at three scenarios: 500 million cubic feet per day (mmcfd), 750 mmcfd, and 1000 mmcfd.},
  isbn = {9781267189707},
  langid = {english},
  keywords = {Alaska in-state,Applied sciences,Compress station,Energy,Gas pipeline,Learning curve,Operations research,Petroleum engineering,Pipeline construction costs},
  file = {/home/alex/Zotero/storage/4YL6JR9X/Rui - Comprehensive investigation into historical pipeli.pdf}
}

@report{sanluisvalleydevelopmentresourcesgroup2024,
  title = {San {{Luis Valley Statistical Profile}}},
  author = {{San Luis Valley Development Resources Group}},
  date = {2024},
  url = {https://slvdrg.org/wp-content/uploads/2021/03/2021-SLV-Statistical-Profile.pdf},
  urldate = {2024-09-07},
  file = {/home/alex/Zotero/storage/DI5GLTFP/2024-San-Luis-Valley-Statistical-Profile1.pdf;/home/alex/Zotero/storage/YG9X26WK/2021-SLV-Statistical-Profile.pdf}
}

@online{satoshi2010,
  type = {Forum},
  title = {Bitcoin Does {{NOT}} Violate {{Mises}}' {{Regression Theorem}}},
  author = {Nakamoto, Satoshi},
  date = {2010-07-27},
  url = {https://bitcointalk.org/index.php?topic=583},
  urldate = {2023-02-12},
  organization = {Bitcoin Forum},
  file = {/home/alex/Zotero/storage/PA84QLX7/index.html}
}

@online{satoshinakamotoinstitute2008,
  title = {Emails},
  author = {{Satoshi Nakamoto Institute}},
  date = {2008},
  url = {https://satoshi.nakamotoinstitute.org/emails/},
  urldate = {2023-02-12},
  organization = {Satoshi Nakamoto Institute},
  file = {/home/alex/Zotero/storage/G26Y2UR6/emails.html}
}

@online{satoshinakamotoinstitute2008a,
  title = {Cryptography {{Mailing List}} Email Series Authored by {{Satoshi Nakamoto}} from {{November}} 6 2008},
  author = {{Satoshi Nakamoto Institute}},
  date = {2008-11-07T05:15:40+09:00},
  url = {https://bitcoin.com/satoshi-archive/emails/cryptography/4/},
  urldate = {2023-02-12},
  abstract = {Satoshi’s reply on political problems in cryptography},
  langid = {american},
  organization = {Satoshi’s Archive}
}

@misc{sbd12009,
  title = {{{Proposed plan of water management}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2009-06-15},
  url = {https://rgwcd.org/files/bee01bba7/service_plan-Amended_Plan_Water_Management_Adopted_15Jun09_-BOD_date_of_approval.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/ZRSJFPAE/service_plan-Amended_Plan_Water_Management_Adopted_15Jun09_-BOD_date_of_approval.pdf}
}

@misc{sbd12009a,
  title = {Appendix 1 {{Annual Replacement Plan}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2009-05-11},
  url = {https://rgwcd.org/files/1f4ced8b8/Appendix_1-Annual_Replacement_Plan.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/KMG899Z7/Appendix_1-Annual_Replacement_Plan.pdf}
}

@misc{sbd12011,
  title = {{{Plan of water management}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2011-12-19},
  url = {https://rgwcd.org/files/32924bce7/Plan_Water_Management_AMENDED_efficiency_Clean.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/67RLJPGD/Plan_Water_Management_AMENDED_efficiency_Clean.pdf}
}

@misc{sbd12013,
  title = {Producers {{Flow Chart}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2013-05},
  url = {https://rgwcd.org/files/f4ad3928f/Producers_Flow_Chart_May_2013.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/PGHX62Y3/Producers_Flow_Chart_May_2013.pdf}
}

@misc{sbd12013a,
  title = {{{CREP Brochure}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2013},
  url = {https://rgwcd.org/files/2084d928f/Brochure_CREP.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/NUZ2585V/Brochure_CREP.pdf}
}

@misc{sbd12017,
  title = {{{Plan of water management}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2017-01-16},
  url = {https://rgwcd.org/files/1bb85e8ff/Budget+based+POWM+fee_16Jan17_draft.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/BFEHE46J/Budget+based+POWM+fee_16Jan17_draft.pdf}
}

@misc{sbd12019,
  title = {{{Special Improvement District No}}. 1 {{of the Rio Grande Water Conservation District annual replacement plan}} 2019 {{plan year}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2019-04-12},
  url = {https://rgwcd.org/files/da09c28a3/Sub1-2019_ARP-Final_1.pdf},
  urldate = {2023-07-12},
  file = {/home/alex/Zotero/storage/NX5DHYMI/Sub1-2019_ARP-Final_1.pdf}
}

@misc{sbd12020,
  title = {{{Special Improvement District No}}. 1 {{of the Rio Grande Water Conservation District annual replacement plan}} 2020 {{plan year}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2020-04-13},
  url = {https://rgwcd.org/files/a0dce1910/Sub1-2020_ARP_All.pdf},
  urldate = {2023-07-12},
  file = {/home/alex/Zotero/storage/KGZE24NK/Sub1-2020_ARP_All.pdf}
}

@misc{sbd12021,
  title = {{{Special Improvement District No}}. 1 {{of the Rio Grande Water Conservation District annual replacement plan}} 2021 {{plan year}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2021-04-13},
  url = {https://rgwcd.org/files/07e6ebe28/Sub1-2021ARP_Final_04152021_ALL.pdf},
  urldate = {2023-07-11},
  file = {/home/alex/Zotero/storage/UMHWTSCJ/Sub1-2021ARP_Final_04152021_ALL.pdf}
}

@misc{sbd12022,
  title = {{{Special Improvement District No}}. 1 {{of the Rio Grande Water Conservation District annual replacement plan}} 2022 {{plan year}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2022-04-11},
  url = {https://rgwcd.org/files/3df2d7cb4/Sub1_2022ARP_Final.pdf},
  urldate = {2023-07-11},
  file = {/home/alex/Zotero/storage/TNDP32EF/Sub1_2022ARP_Final.pdf}
}

@misc{sbd12022a,
  title = {{{Fourth amended plan of water management}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District}},
  shortauthor = {{SBD1}},
  date = {2022-12-21},
  url = {https://rgwcd.org/files/8aec4093a/221221_POWM4_Clean_approved_BOM.pdf},
  urldate = {2023-07-12},
  file = {/home/alex/Zotero/storage/E8M44JX9/221221_POWM4_Clean_approved_BOM.pdf}
}

@misc{sbd12023,
  title = {{{Special Improvement District No}}. 1 {{of the Rio Grande Water Conservation District Annual Replacement Plan}} 2023 {{plan year}}},
  author = {{Subdistrict \#1 of the Rio Grande Water Conservation District} and {Davis Engineering Service, Inc.}},
  shortauthor = {{SBD1}},
  date = {2023-04-14},
  url = {https://rgwcd.org/files/6af1d8241/ARP+2023-+ALL+for+Website.pdf},
  urldate = {2023-06-23},
  file = {/home/alex/Zotero/storage/ZEWJGCZJ/ARP+2023-+ALL+for+Website.pdf}
}

@article{schilling2019,
  title = {Some Simple Bitcoin Economics},
  author = {Schilling, Linda and Uhlig, Harald},
  date = {2019},
  journaltitle = {Journal of monetary economics},
  volume = {106},
  pages = {16--26},
  publisher = {Elsevier B.V},
  issn = {0304-3932},
  doi = {10.1016/j.jmoneco.2019.07.002},
  abstract = {•We provide a model of an endowment economy with two competing, but intrinsically worthless currencies (Dollar, Bitcoin) serving as medium of exchange.•We show a fundamental pricing equation, which in its simplest form implies that Bitcoin prices form a martingale.•“Mutual impatience” rules out Bitcoin speculation. Price volatility does not invalidate the medium-of-exchange function.•The Bitcoin block rewards are not a tax on Bitcoin holders: they are financed with a Dollar tax.•We discuss monetary policy implications, Bitcoin production via the proof-of-work competition, taxation of Bitcoin production, welfare implications and entry of new cryptocurrencies. We characterize the range of equilibria and provides specific examples. We provide a model of an endowment economy with two competing, but intrinsically worthless currencies (Dollar, Bitcoin). Dollars are supplied by a central bank to achieve its inflation target, while the Bitcoin supply grows deterministically. Our fundamental pricing equation implies in its simplest form that Bitcoin prices form a martingale. “Mutual impatience” implies absence of speculation. Price volatility therefore does not invalidate the medium-of-exchange function. Bitcoin block rewards are not a tax on Bitcoin holders: they are financed with a Dollar tax. We discuss monetary policy implications, Bitcoin production, taxation, welfare and entry, and characterize the range of equilibria.},
  langid = {english},
  keywords = {Analysis,Bitcoin,Crypto-currencies,Cryptocurrency,Currency competition,Economic aspects,Endowments,Exchange rates,Foreign exchange,Monetary policy,Prices and rates,Taxation},
  file = {/home/alex/Zotero/storage/8XNWGALP/Schilling and Uhlig - Some Simple Bitcoin Economics.pdf;/home/alex/Zotero/storage/SQLLAEXN/Schilling and Uhlig - 2019 - Some simple bitcoin economics.pdf}
}

@article{schuerhoff2013,
  title = {The Life and Death of {{Dutch}} Groundwater Tax},
  author = {Schuerhoff, Marianne and Weikard, Hans-Peter and Zetland, David},
  date = {2013-12},
  journaltitle = {Water Policy},
  volume = {15},
  number = {6},
  pages = {1064--1077},
  publisher = {IWA Publishing},
  location = {Oxford, United Kingdom},
  issn = {13667017},
  doi = {10.2166/wp.2013.112},
  url = {https://proquest.com/docview/1943070453/abstract/38DF9C6D1E654B78PQ/1},
  urldate = {2023-06-26},
  abstract = {We examine the Dutch national groundwater tax (GWT) - a ‘win-win, green’ tax that promised to reduce distortions by simultaneously reducing the income tax burden and improving environmental outcomes. We find no evidence of these impacts. Instead, we see that the GWT increased distortions by taxing a narrow base (a few drinking-water companies reliant on raw groundwater) and interfering with groundwater management programmes funded by an existing provincial groundwater fee. The Dutch government revoked the GWT for being fiscally inefficient and environmentally unhelpful on 31 December 2011, but this story provides some useful lessons.},
  langid = {english},
  pagetotal = {1064-1077},
  keywords = {Fiscal policy,Green tax,Groundwater,Pigouvian tax,Regulation},
  file = {/home/alex/Zotero/storage/BAEFB479/Schuerhoff et al. - 2013 - The life and death of Dutch groundwater tax.pdf}
}

@article{sears2018,
  title = {Jevons’ {{Paradox}} and {{Efficient Irrigation Technology}}},
  author = {Sears, Louis and Caparelli, Joseph and Clouse, Lee and Pan, Devon and Strandberg, Gillian and Vuu, Linh and Lawell, C.-Y. Cynthia Lin},
  date = {2018},
  journaltitle = {Sustainability},
  volume = {10},
  number = {5},
  pages = {1590},
  publisher = {MDPI AG},
  location = {Basel, Switzerland},
  url = {http://search.proquest.com/docview/2108740285/abstract/5CCF3548846A452CPQ/1},
  urldate = {2021-02-26},
  abstract = {Water is one of our world’s most essential natural resources, but it is also a resource that is becoming increasingly scarce. The agricultural use of groundwater is particularly important to manage sustainably and well. However, popular and well-intentioned water conservation and management policies, including those that encourage the adoption of more efficient irrigation technology, may have unintended and possibly perverse consequences if policy-makers do not account for water users’ behavioral responses to their policies. In particular, a Jevons’ Paradox may arise, whereby a technology that enhances the efficiency of using a natural resource does not necessarily lead to less consumption of that resource. In this paper, we discuss efficient irrigation technology, Jevons’ Paradox, and the possible perverse consequences of incentive-based programs for agricultural groundwater conservation.},
  langid = {english},
  pagetotal = {1590},
  keywords = {agricultural groundwater,efficient irrigation technology,incentive-based conservation programs,Jevons’ Paradox,perverse consequences,unintended consequences},
  file = {/home/alex/Zotero/storage/JUZLSQX2/Sears et al. - 2018 - Jevons’ Paradox and Efficient Irrigation Technolog.pdf;/home/alex/Zotero/storage/MKALUE3S/Sears et al. - 2018 - Jevons’ Paradox and Efficient Irrigation Technolog.pdf}
}

@incollection{shin2014,
  title = {Modelling {{Asymmetric Cointegration}} and {{Dynamic Multipliers}} in a {{Nonlinear ARDL Framework}}},
  booktitle = {Festschrift in {{Honor}} of {{Peter Schmidt}}: {{Econometric Methods}} and {{Applications}}},
  author = {Shin, Yongcheol and Yu, Byungchul and Greenwood-Nimmo, Matthew},
  editor = {Sickles, Robin C. and Horrace, William C.},
  date = {2014},
  pages = {281--314},
  publisher = {Springer},
  location = {New York, NY},
  doi = {10.1007/978-1-4899-8008-3_9},
  url = {https://doi.org/10.1007/978-1-4899-8008-3_9},
  urldate = {2023-02-05},
  abstract = {We develop a cointegrating nonlinear autoregressive distributed lag (NARDL) model in which short- and long-run nonlinearities are introduced via positive and negative partial sum decompositions of the explanatory variables. We demonstrate that the model is estimable by OLS and that reliable long-run inference can be achieved by bounds-testing regardless of the integration orders of the variables. Furthermore, we derive asymmetric dynamic multipliers that graphically depict the traverse between the short- and the long-run. The salient features of the model are illustrated using the example of the nonlinear unemployment-output relationship in the US, Canada and Japan.},
  isbn = {978-1-4899-8008-3},
  langid = {english},
  keywords = {C12,C13,J64},
  file = {/home/alex/Zotero/storage/ZC77VJ3Z/Shin et al. - 2014 - Modelling Asymmetric Cointegration and Dynamic Mul.pdf}
}

@report{shize2021,
  type = {preprint},
  title = {Bitcoin’s Future Carbon Footprint},
  author = {Shize, Shize and Qin, Shize and Klaaßen, Lena and Gallersdörfer, Ulrich and Stoll, Christian and Zhang, Da},
  date = {2021-11-14},
  institution = {{Volume 15: Low Carbon Cities and Urban Energy Systems: Part IV}},
  doi = {10.46855/energy-proceedings-8232},
  url = {https://energy-proceedings.org/?p=8232},
  urldate = {2023-01-27},
  langid = {english},
  file = {/home/alex/Zotero/storage/YVITCCRU/Shize et al. - 2021 - Bitcoin’s future carbon footprint.pdf}
}

@article{smeekes2020,
  title = {An {{Automated Approach Towards Sparse Single-Equation Cointegration Modelling}}},
  author = {Smeekes, Stephan and Wijler, Etienne},
  date = {2020-07-22},
  journaltitle = {Cornell University Library},
  publisher = {Cornell University Library arXiv.org},
  location = {Ithaca, United States},
  issn = {2331-8422},
  url = {https://proquest.com/docview/2111972577?pq-origsite=primo&sourcetype=Working%20Papers},
  urldate = {2024-09-25},
  abstract = {In this paper we propose the Single-equation Penalized Error Correction Selector (SPECS) as an automated estimation procedure for dynamic single-equation models with a large number of potentially (co)integrated variables. By extending the classical single-equation error correction model, SPECS enables the researcher to model large cointegrated datasets without necessitating any form of pre-testing for the order of integration or cointegrating rank. Under an asymptotic regime in which both the number of parameters and time series observations jointly diverge to infinity, we show that SPECS is able to consistently estimate an appropriate linear combination of the cointegrating vectors that may occur in the underlying DGP. In addition, SPECS is shown to enable the correct recovery of sparsity patterns in the parameter space and to posses the same limiting distribution as the OLS oracle procedure. A simulation study shows strong selective capabilities, as well as superior predictive performance in the context of nowcasting compared to high-dimensional models that ignore cointegration. An empirical application to nowcasting Dutch unemployment rates using Google Trends confirms the strong practical performance of our procedure.},
  langid = {english},
  keywords = {Automation,Cointegration analysis,Computer simulation,Econometrics,Economic models,Employment,Error correction,Error correction & detection,Methodology,Nowcasting,Performance prediction}
}

@article{smith2017,
  title = {Responding to a {{Groundwater Crisis}}: {{The Effects}} of {{Self-Imposed Economic Incentives}}},
  shorttitle = {Responding to a {{Groundwater Crisis}}},
  author = {Smith, Steven M. and Andersson, Krister and Cody, Kelsey C. and Cox, Michael and Ficklin, Darren},
  date = {2017-04-17},
  journaltitle = {Journal of the Association of Environmental and Resource Economists},
  shortjournal = {Journal of the Association of Environmental and Resource Economists},
  volume = {4},
  number = {4},
  pages = {985--1023},
  publisher = {The University of Chicago Press},
  issn = {2333-5955},
  doi = {10.1086/692610},
  url = {https://journals.uchicago.edu/doi/10.1086/692610},
  urldate = {2021-02-26},
  abstract = {Many globally important groundwater aquifers are under considerable stress as withdrawals, predominantly for irrigation, outpace recharge. Meanwhile, groundwater policy to address the common-pool resource losses remains in its nascent stage. This study analyzes a recent and unique bottom-up effort to self-impose a groundwater pumping fee in San Luis Valley, Colorado. Utilizing a difference-in-difference econometric framework, our results bring new and direct empirical evidence to the debate on the use of economic incentives in groundwater policy. We find that the price intervention has been effective, leading to a 33\% reduction in groundwater use, predominantly through reduced irrigation intensity. We also find, to a more limited extent, movement away from water-thirsty crops and reduced overall irrigated acreage. Given that financial incentives can produce substantial conservation within a groundwater commons in duress, price-based policies warrant further consideration as irrigators address diminishing and variable water supplies.},
  file = {/home/alex/Zotero/storage/CADFQZXH/Smith et al. - 2017 - Responding to a Groundwater Crisis The Effects of.pdf;/home/alex/Zotero/storage/D8JB72A7/Smith et al. - 2017 - Responding to a Groundwater Crisis The Effects of.pdf;/home/alex/Zotero/storage/9D4FL6HC/692610.html}
}

@article{smith2018,
  title = {Economic Incentives and Conservation: {{Crowding-in}} Social Norms in a Groundwater Commons},
  shorttitle = {Economic Incentives and Conservation},
  author = {Smith, Steven M.},
  date = {2018-07-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {90},
  pages = {147--174},
  issn = {0095-0696},
  doi = {10.1016/j.jeem.2018.04.007},
  url = {https://sciencedirect.com/science/article/pii/S0095069617304059},
  urldate = {2023-06-26},
  abstract = {Price-based interventions can be corrective where users extract from a common resource, but may also impact existing social norms, often crowding them out. In contrast, I find a pumping fee implemented by a group of irrigators in Southern Colorado effectively crowds-in pro-conservation norms, enhancing the financial incentive's impact. Using a unique, spatially oriented panel-data set of groundwater wells, I separate the direct role of increased pumping costs from the indirect effect transmitted through altered conservation norms. To quantify conservation behavior, I estimate how pumping at one well responds to pumping at nearby wells – using instrumental variables to address simultaneity bias – and interact that behavior with a difference-in-difference framework to assess the influence of the intervention. In the preferred specification, the fee directly accounts for approximately 74\% of the reduced pumping and the remaining 26\% comes from crowding-in conservation norms.},
  langid = {english},
  keywords = {Climate change,Conservation,Groundwater,Irrigation,Social norms},
  file = {/home/alex/Zotero/storage/L8FYWQQU/Smith - 2018 - Economic incentives and conservation Crowding-in .pdf;/home/alex/Zotero/storage/CBNIHRDT/S0095069617304059.html}
}

@article{stoll2019,
  title = {The {{Carbon Footprint}} of {{Bitcoin}}},
  author = {Stoll, Christian and Klaaßen, Lena and Gallersdörfer, Ulrich},
  date = {2019-07},
  journaltitle = {Joule},
  shortjournal = {Joule},
  volume = {3},
  number = {7},
  pages = {1647--1661},
  issn = {25424351},
  doi = {10.1016/j.joule.2019.05.012},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S2542435119302557},
  urldate = {2023-01-27},
  abstract = {Participation in the Bitcoin blockchain validation process requires specialized hardware and vast amounts of electricity, which translates into a significant carbon footprint. Here, we demonstrate a methodology for estimating the power consumption associated with Bitcoin’s blockchain based on IPO filings of major hardware manufacturers, insights on mining facility operations, and mining pool compositions. We then translate our power consumption estimate into carbon emissions, using the localization of IP addresses. We determine the annual electricity consumption of Bitcoin, as of November 2018, to be 45.8 TWh and estimate that annual carbon emissions range from 22.0 to 22.9 MtCO2. This means that the emissions produced by Bitcoin sit between the levels produced by the nations of Jordan and Sri Lanka, which is comparable to the level of Kansas City. With this article, we aim to gauge the external costs of Bitcoin and inform the broader debate on the costs and benefits of cryptocurrencies.},
  langid = {english},
  file = {/home/alex/Zotero/storage/3H4JMTWZ/Stoll et al. - 2019 - The Carbon Footprint of Bitcoin.pdf}
}

@incollection{sun2015,
  title = {Arps {{Decline Curves Analysis}}},
  booktitle = {Advanced {{Production Decline Analysis}} and {{Application}}},
  editor = {Sun, Hedong},
  date = {2015-01-01},
  pages = {31--65},
  publisher = {Gulf Professional Publishing},
  doi = {10.1016/B978-0-12-802411-9.00002-8},
  url = {https://sciencedirect.com/science/article/pii/B9780128024119000028},
  urldate = {2022-06-13},
  abstract = {The chapter presents the types, law, and theory of the Arps method, the methodology and cases of curve matching to estimate the recoverable reserves, and the power function analysis.},
  isbn = {978-0-12-802411-9},
  langid = {english},
  keywords = {Arps Type Curves,Example,Exponential Decline,Harmonic Decline,Hyperbolic Decline,Modified Hyperbolic Decline,Power Function Analysis},
  file = {/home/alex/Zotero/storage/M8I6GTCI/B9780128024119000028.html}
}

@article{sun2021,
  title = {Estimating Dynamic Treatment Effects in Event Studies with Heterogeneous Treatment Effects},
  author = {Sun, Liyang and Abraham, Sarah},
  date = {2021-12-01},
  journaltitle = {Journal of Econometrics},
  shortjournal = {Journal of Econometrics},
  series = {Themed {{Issue}}: {{Treatment Effect}} 1},
  volume = {225},
  number = {2},
  pages = {175--199},
  issn = {0304-4076},
  doi = {10.1016/j.jeconom.2020.09.006},
  url = {https://sciencedirect.com/science/article/pii/S030440762030378X},
  urldate = {2023-04-17},
  abstract = {To estimate the dynamic effects of an absorbing treatment, researchers often use two-way fixed effects regressions that include leads and lags of the treatment. We show that in settings with variation in treatment timing across units, the coefficient on a given lead or lag can be contaminated by effects from other periods, and apparent pretrends can arise solely from treatment effects heterogeneity. We propose an alternative estimator that is free of contamination, and illustrate the relative shortcomings of two-way fixed effects regressions with leads and lags through an empirical application.},
  langid = {english},
  keywords = {Difference-in-differences,Pretrend test,Two-way fixed effects},
  file = {/home/alex/Zotero/storage/SJRWJIJ6/Sun and Abraham - 2021 - Estimating dynamic treatment effects in event stud.pdf;/home/alex/Zotero/storage/NCWZCYEC/S030440762030378X.html}
}

@inproceedings{suter2004,
  title = {The {{Importance Of Spatial Data In Modeling Actual Enrollment In The Conservation Reserve Enhancement Program}} ({{CREP}})},
  booktitle = {2008: {{Agricultural}} and {{Applied Economics Association}}},
  author = {Suter, Jordan F. and Bills, Nelson L. and Poe, Gregory L.},
  date = {2004},
  series = {Selected {{Paper}}},
  publisher = {Federal Reserve Bank of St. Louis},
  location = {Denver},
  doi = {10.22004/ag.econ.20151},
  url = {https://ideas.repec.org/p/ags/aaea04/20151.html},
  abstract = {This paper uses actual enrollment and Geographic Information Systems (GIS) data in six geographically diverse states to demonstrate that enrollment rates in the Conservation Reserve Enhancement Program (CREP) are a function of the incentives offered. If aggregate county land use data were used, as has been done previously, incentives appear insignificant},
  eventtitle = {American {{Agricultural Economics Association Annual Meeting}}},
  langid = {english},
  keywords = {Environmental Economics and Policy},
  file = {/home/alex/Zotero/storage/X2U38JT5/Suter et al. - 2004 - THE IMPORTANCE OF SPATIAL DATA IN MODELING ACTUAL .pdf}
}

@article{suter2008,
  title = {Do {{Landowners Respond}} to {{Land Retirement Incentives}}? {{Evidence}} from the {{Conservation Reserve Enhancement Program}}},
  shorttitle = {Do {{Landowners Respond}} to {{Land Retirement Incentives}}?},
  author = {Suter, Jordan F. and Poe, Gregory L. and Bills, Nelson L.},
  date = {2008-02},
  journaltitle = {Land Economics},
  volume = {84},
  number = {1},
  pages = {17--30},
  publisher = {University of Wisconsin Press},
  issn = {00237639},
  doi = {10.3368/le.84.1.17},
  url = {https://jstor.org/stable/27647803},
  urldate = {2023-07-09},
  abstract = {Previous research on incentive responsivness in voluntary land retirement programs has utilized either hypothetical contingent response methods or actual aggregate enrollment data, both of which suffer from potential biases. In this paper, we analyze program participation in the binary-choice setting of the Conservation Reserve Enhancement Program (CREP) using data from six states. Our results suggest that landowners react positively to the incentives that are offered and that increases in one-time incentives, offered at the time of signup, are a more cost-effective means to increase enrollment than increases in the incentives offered on an annual basis.},
  keywords = {Abandonment of property,Conservation Reserve Program (U.S.),Dedication to public use,Land economics,Land reform,Land retirement,Land use,Landowners,Monetary incentives,Nature reserves,Real property},
  file = {/home/alex/Zotero/storage/YPMDT5HW/Suter et al. - 2008 - Do Landowners Respond to Land Retirement Incentive.pdf}
}

@article{swanepoel2015,
  title = {Estimating the {{Contribution}} of {{Groundwater Irrigation}} to {{Farmland Values}} in {{Phillips County}}, {{Colorado}}},
  author = {Swanepoel, G. D. and Hadrich, Joleen and Goemans, Christopher},
  date = {2015-01},
  journaltitle = {Journal of the American Society of Farm Managers \& Rural Appraisers},
  shortjournal = {Journal of the American Society of Farm Managers \& Rural Appraisers},
  pages = {166--179},
  publisher = {American Society of Farm Managers \& Rural Appraisers},
  issn = {0003116X},
  url = {https://proquest.com/docview/1690914034?pq-origsite=primo&sourcetype=Scholarly%20Journals},
  urldate = {2021-02-27},
  abstract = {Hedonic price analysis is applied to farmland sales in Phillips County, Colorado to examine trends in farmland values across different land types from 1999-2012. Results demonstrate that irrigated acres resulted in the highest farmland value while well depth decreased this value. The marginal value of an acre foot of water on irrigated farmland ranged from \$3-\$36 depending on well depth and the discount rate used. This highlights the potential long-term negative impacts that lowering groundwater tables have on agricultural enterprises that rely on wells for irrigation.},
  keywords = {GROUNDWATER flow,HEDONIC damages,HEDONISTIC consumption,IRRIGATION farming,VALUATION of farms},
  file = {/home/alex/Zotero/storage/7GUG2JK5/Swanepoel et al. - 2015 - Estimating the Contribution of Groundwater Irrigat.pdf;/home/alex/Zotero/storage/BK8TBDTJ/Swanepoel et al. - 2015 - Estimating the Contribution of Groundwater Irrigat.pdf}
}

@dataset{u.s.bureauoflaborstatistics2024,
  title = {Consumer {{Price Index}} for {{All Urban Consumers}}: {{All Items}} in {{U}}.{{S}}. {{City Average}}},
  shorttitle = {{{CPIAUCSL}}},
  author = {{U.S. Bureau of Labor Statistics}},
  shortauthor = {{BLS}},
  date = {2024},
  publisher = {FRED, Federal Reserve Bank of St. Louis},
  url = {https://fred.stlouisfed.org/series/CPIAUCSL},
  urldate = {2024-04-17},
  abstract = {The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a price index of a basket of goods and services paid by urban consumers. Percent changes in the price index measure the inflation rate between any two time periods. The most common inflation metric is the percent change from one year ago. It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.    The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas. To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date. In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.    The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (CPILFESL (https://fred.stlouisfed.org/series/CPILFESL)) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs. Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.    For more information on the consumer price indexes, see:    Bureau of Economic Analysis. "CPI Detailed Report." (https://bls.gov/cpi/) 2013.    Handbook of Methods (https://bls.gov/opub/hom/pdf/cpihom.pdf)    Understanding the CPI: Frequently Asked Questions (https://bls.gov/cpi/questions-and-answers.htm)}
}

@dataset{BLS2024b,
  title = {Producer {{Price Index}} by {{Commodity}}: {{Farm Products}}: {{Russet Potatoes}}},
  shorttitle = {{{WPU01130603}}},
  author = {{U.S. Bureau of Labor Statistics}},
  shortauthor = {{BLS}},
  date = {2024},
  publisher = {FRED, Federal Reserve Bank of St. Louis},
  url = {https://fred.stlouisfed.org/series/WPU01130603},
  urldate = {2024-06-01}
}

@dataset{BLS2024a,
  title = {Producer {{Price Index}} by {{Commodity}}: {{Farm Products}}: {{Alfalfa Hay}}},
  shorttitle = {{{WPU01810101}}},
  author = {{U.S. Bureau of Labor Statistics}},
  shortauthor = {{BLS}},
  date = {2024},
  publisher = {FRED, Federal Reserve Bank of St. Louis},
  url = {https://fred.stlouisfed.org/series/WPU01810101},
  urldate = {2024-06-01}
}

@misc{unitedstatesdepartmentofagriculture2020,
  title = {Average {{U}}.{{S}}. Farm Real Estate Value, Nominal and Real (Inflation Adjusted), 1970–2020},
  author = {{United States Department of Agriculture}},
  shortauthor = {{USDA}},
  date = {2020},
  url = {https://ers.usda.gov/webdocs/charts/55910/farmrealestatevalue2020_d.html?v=6230},
  urldate = {2024-04-17},
  file = {/home/alex/Zotero/storage/ITW96XGV/farmrealestatevalue2020_d.html}
}

@article{vasquez2013,
  title = {A {{Hedonic Valuation}} of {{Residential Water Services}}},
  author = {Vásquez, William F.},
  date = {2013-12},
  journaltitle = {Applied Economic Perspectives \& Policy},
  shortjournal = {Applied Economic Perspectives \& Policy},
  volume = {35},
  number = {4},
  pages = {661--678},
  publisher = {John Wiley \& Sons, Inc.},
  issn = {20405790},
  doi = {10.1093/aepp/ppt022},
  url = {https://jstor.org/stable/43695807},
  urldate = {2021-02-26},
  abstract = {This paper investigates the economic value of municipal, private, and community-managed water services in Guatemala through a hedonic analysis of rental housing prices observed in 2006. Hedonic models are jointly estimated with water service choices using a maximum simulated likelihood approach in order to control for potential endogeneity. Findings indicate that the value of piped water depends on the type of water utility. The estimated value of municipal services is at least 15 times as much as the average water bill, while value estimates are not significant for private and community-managed systems. Value differentials are discussed considering the performance of water utilities and their institutional arrangements.},
  keywords = {Guatemala,Hedonic analysis,Household preferences,Municipal services,Public administration,Rental housing,Service management,Water,Water utilities},
  file = {/home/alex/Zotero/storage/M3VKTCPC/Vásquez - 2013 - A Hedonic Valuation of Residential Water Services.pdf;/home/alex/Zotero/storage/XSZYYGG4/Vásquez - 2013 - A Hedonic Valuation of Residential Water Services.pdf}
}

@book{vonmises1963,
  title = {Human Action: A Treatise on Economics},
  shorttitle = {Human Action},
  author = {Von Mises, Ludwig},
  date = {1963},
  edition = {[Scholar's ed.].},
  publisher = {Ludwig Von Mises Institute},
  location = {Auburn, Ala},
  isbn = {978-0-945466-24-6},
  langid = {english},
  keywords = {Commerce,Economics}
}

@article{waggoner2021,
  entrysubtype = {newspaper},
  title = {All Eyes Are on {{Subdistrict No}}. 1: {{Will San Luis Valley}} Farmers Save Their Aquifer and Themselves?},
  author = {Waggoner, Priscilla},
  date = {2021-12-10},
  journaltitle = {Center Post Dispatch},
  url = {https://centerpostdispatch.com/article/all-eyes-are-on-subdistrict-no-1},
  urldate = {2024-05-09},
  abstract = {ALAMOSA — From her family’s farm near Mosca, Erin Nissen can see the Great Sand Dunes in the distance. Whether through a window or from the porch, the towering 700-hundred-foot ridges of sand are always in view, a constant reminder of what she fears may come.},
  file = {/home/alex/Zotero/storage/995TIQ4H/all-eyes-are-on-subdistrict-no-1.html}
}

@article{walker1990,
  title = {Rent Dissipation in a Limited-Access Common-Pool Resource: {{Experimental}} Evidence},
  shorttitle = {Rent Dissipation in a Limited-Access Common-Pool Resource},
  author = {Walker, James M. and Gardner, Roy and Ostrom, Elinor},
  date = {1990-11-01},
  journaltitle = {Journal of Environmental Economics and Management},
  shortjournal = {Journal of Environmental Economics and Management},
  volume = {19},
  number = {3},
  pages = {203--211},
  issn = {0095-0696},
  doi = {10.1016/0095-0696(90)90069-B},
  url = {https://sciencedirect.com/science/article/pii/009506969090069B},
  urldate = {2023-07-07},
  abstract = {This paper examines group behavior in an experimental environment designed to parallel the conditions specified in noncooperative models of limited-access common-pool resources. Using experimental methods, we investigate the strength of theoretical models which predict that users of such resources will appropriate units at a rate at which the marginal returns from appropriation are greater than the marginal appropriation costs. Our results confirm the prediction of suboptimal accrual of rents and offer evidence on the effects of increasing investment capital available to appropriators.},
  langid = {english},
  file = {/home/alex/Zotero/storage/V92LRDSG/Walker et al. - 1990 - Rent dissipation in a limited-access common-pool r.pdf;/home/alex/Zotero/storage/FFYXYI2C/009506969090069B.html}
}

@article{walter2020,
  title = {Environmental Policies and Political Feasibility: {{Eco-labels}} versus Emission Taxes},
  shorttitle = {Environmental Policies and Political Feasibility},
  author = {Walter, Jason M. and Chang, Yang-Ming},
  date = {2020-06},
  journaltitle = {Economic Analysis and Policy},
  shortjournal = {Economic Analysis and Policy},
  volume = {66},
  pages = {194--206},
  issn = {03135926},
  doi = {10.1016/j.eap.2020.04.004},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0313592619305879},
  urldate = {2023-07-24},
  abstract = {This paper examines the economic and political implications of two market-based policies, eco-certifications and emission taxes. We evaluate each policy’s effects on the environment, investment in clean technology, and social welfare under imperfect competition. We find that eco-certification reduces total damage to the environment, increases consumer benefits, and is socially desirable. However, polluting firms will never voluntarily accept the socially optimal eco-standard, leading to suboptimal certification programs. Unless the marginal damage to the environment from emissions is sufficiently low and demand is sufficiently large, environmental damage occurring under voluntary eco-certification is higher in comparison to alternative policies. We examine the welfare impacts of each policy to identify social preferences. Using realized market benefits to construct policy preferences, we show conditions under which the socially optimal environmental policy is unlikely to be politically feasible. Our results explain the popularity and suboptimal qualities of eco-certification programs.},
  langid = {english},
  file = {/home/alex/Zotero/storage/E99E5U9Q/Walter and Chang - 2020 - Environmental policies and political feasibility .pdf}
}

@article{wanhongyang2005,
  title = {Effectiveness of {{Conservation Programs}} in {{Illinois}} and {{Gains}} from {{Targeting}}},
  author = {{Wanhong Yang} and Khanna, Madhu and Farnsworth, Richard},
  date = {2005-12},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {87},
  number = {5},
  pages = {1248--1255},
  publisher = {John Wiley \& Sons, Inc.},
  issn = {00029092},
  doi = {10.1111/j.1467-8276.2005.00814.x},
  url = {https://jstor.org/stable/3697702},
  urldate = {2023-07-07},
  abstract = {The article examines the effectiveness of the Conservation Reserve Program (CRP) and the Conservation Reserve Enhancement Program (CREP) in Illinois. The selection mechanisms used by the CRP and CREP are discussed and comparison of the programs' effectiveness in abating off-site sediment loadings in the La Moine watershed in Illinois are made. The authors also compare the efficiency of alternative targeting instruments to enroll a given land acreage in CREP from the eligible area in the La Moine watershed.},
  keywords = {AGRICULTURAL administration,AGRICULTURAL conservation,AGRICULTURAL development,AGRICULTURAL economics,AGRICULTURAL policy,AGRICULTURE,CONSERVATION of natural resources,ILLINOIS,WATERSHEDS},
  file = {/home/alex/Zotero/storage/TF26R76F/Wanhong Yang et al. - 2005 - Effectiveness of Conservation Programs in Illinois.pdf}
}

@article{wu2000,
  title = {Slippage {{Effects}} of the {{Conservation Reserve Program}}},
  author = {Wu, JunJie},
  date = {2000},
  journaltitle = {American Journal of Agricultural Economics},
  volume = {82},
  number = {4},
  pages = {979--992},
  issn = {1467-8276},
  doi = {10.1111/0002-9092.00096},
  url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/0002-9092.00096},
  urldate = {2023-07-10},
  abstract = {Each year, billions of dollars of public funds are expended to purchase conservation easements on farmland. One unintended impact of these programs is that they may bring non-cropland into crop production. Such a slippage effect can be caused by increased output prices and by substitution effects. This article shows that for each one hundred acres of cropland retired under the Conservation Reserve Program (CRP) in the central United States, twenty acres of non-cropland were converted to cropland, offsetting 9\% and 14\% of CRP water and wind erosion reduction benefits, respectively. Implications of these results for the design of conservation programs are discussed.},
  langid = {english},
  keywords = {conservation programs,environmental benefits,land use changes,Q150,Q240,Q280,slippage effects},
  file = {/home/alex/Zotero/storage/NH2TFVZ2/Wu - 2000 - Slippage Effects of the Conservation Reserve Progr.pdf;/home/alex/Zotero/storage/EV5736UN/0002-9092.html}
}

@article{wunder2008,
  title = {Taking Stock: {{A}} Comparative Analysis of Payments for Environmental Services Programs in Developed and Developing Countries},
  shorttitle = {Taking Stock},
  author = {Wunder, Sven and Engel, Stefanie and Pagiola, Stefano},
  date = {2008-05},
  journaltitle = {Ecological Economics},
  shortjournal = {Ecological Economics},
  volume = {65},
  number = {4},
  pages = {834--852},
  issn = {09218009},
  doi = {10.1016/j.ecolecon.2008.03.010},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0921800908001432},
  urldate = {2023-07-18},
  abstract = {Payments for environmental services (PES) are an innovative approach to conservation that has been applied increasingly often in both developed and developing countries. To date, however, few efforts have been made to systematically compare PES experiences. Drawing on the wealth of case studies in this Special Issue, we synthesize the information presented, according to case characteristics with respect to design, costs, environmental effectiveness, and other outcomes. PES programs often differ substantially one from the other. Some of the differences reflect adaptation of the basic concept to very different ecological, socioeconomic, or institutional conditions; others reflect poor design, due either to mistakes or to the need to accommodate political pressures. We find significant differences between user-financed PES programs, in which funding comes from the users of the ES being provided, and government-financed programs, in which funding comes from a third party. The user-financed programs in our sample were better targeted, more closely tailored to local conditions and needs, had better monitoring and a greater willingness to enforce conditionality, and had far fewer confounding side objectives than governmentfinanced programs. We finish by outlining some perspectives on how both user- and government-financed PES programs could be made more effective and cost-efficient.},
  langid = {english},
  file = {/home/alex/Zotero/storage/UXTHB636/Wunder et al. - 2008 - Taking stock A comparative analysis of payments f.pdf}
}

@article{yang2003,
  title = {Water Scarcity, Pricing Mechanism and Institutional Reform in Northern {{China}} Irrigated Agriculture},
  author = {Yang, Hong and Zhang, Xiaohe and Zehnder, Alexander J.B.},
  date = {2003-06},
  journaltitle = {Agricultural Water Management},
  shortjournal = {Agricultural Water Management},
  volume = {61},
  number = {2},
  pages = {143--161},
  issn = {03783774},
  doi = {10.1016/S0378-3774(02)00164-6},
  url = {https://linkinghub.elsevier.com/retrieve/pii/S0378377402001646},
  urldate = {2023-07-24},
  abstract = {With water scarcity becoming an increasing constraint to food production in northern China, pricing mechanism has been given a high priority in dealing with the problem. Using selected irrigation districts in northern China as a case study, this paper probes the effectiveness of pricingbased water policies in addressing challenges facing irrigated agriculture under China’s current water management institutions. The examination shows that the rapid increase in irrigation cost during the past decade has failed to generate a force for water conservation. Over-exploitation of groundwater resources has even intensified with the shift to higher value-added but often more water intensive crops. Based on a normative analysis of water demand curves, the logic behind the reluctance for water authorities and farmers to conserve water is elaborated. The result suggests that pricing irrigation alone is not a valid means of encouraging water conservation under the current irrigation management institutions. Clearly defined and legally enforceable water rights and responsibilities for water operators and users in the irrigation system are the foundation underlying the incentives for conserving water and improving the irrigation efficiency.},
  langid = {english},
  file = {/home/alex/Zotero/storage/27Y6RMAT/Yang et al. - 2003 - Water scarcity, pricing mechanism and institutiona.pdf}
}

@article{yang2004,
  title = {Integrating {{Farmer Decision Making}} to {{Target Land Retirement Programs}}},
  author = {Yang, Wanhong and Isik, Murat},
  date = {2004-10},
  journaltitle = {Agricultural and Resource Economics Review},
  volume = {33},
  number = {2},
  pages = {233--244},
  publisher = {Cambridge University Press},
  location = {Durham, United Kingdom},
  issn = {10682805},
  url = {https://proquest.com/docview/214072399/citation/306B7E4818F146ADPQ/1},
  urldate = {2023-07-09},
  langid = {english},
  pagetotal = {12},
  keywords = {Agricultural production,Agriculture,Agriculture--Agricultural Economics,Conservation,Cost analysis,Decision making,Farmers,Land use,Retirement,Riparian buffers,Risk aversion,Sediments,Technology adoption,Watersheds},
  file = {/home/alex/Zotero/storage/WEJQAP67/Yang and Isik - 2004 - Integrating Farmer Decision Making to Target Land .pdf}
}

@article{yeboah2015,
  title = {Agricultural Landowners’ Willingness to Participate in a Filter Strip Program for Watershed Protection},
  author = {Yeboah, Felix Kwame and Lupi, Frank and Kaplowitz, Michael D.},
  date = {2015-12-01},
  journaltitle = {Land Use Policy},
  shortjournal = {Land Use Policy},
  volume = {49},
  pages = {75--85},
  issn = {0264-8377},
  doi = {10.1016/j.landusepol.2015.07.016},
  url = {https://sciencedirect.com/science/article/pii/S0264837715002252},
  urldate = {2023-07-09},
  abstract = {Non point source (NPS) pollution remains a challenge to communities meeting watershed management objectives around the world. Installing agricultural best management practices (BMPs) such as filter strips is a widely accepted mechanism to control NPS pollution and agricultural runoff. Government programs in the form of payment for environmental services (PES) have been introduced to encourage BMP adoption for watershed protection. However, the voluntary nature of these programs makes landowners’ decision to participate in them critical to achieving program goals. Understanding the drivers behind landowners’ decisions to participate in watershed protection programs is essential for designing effective and efficient programs. This study examines agricultural landowners’ decisions to participate in a conservation program involving filter strips. Using responses from a survey of agricultural landowners in Michigan's Saginaw Bay watershed, the study examines key programmatic, socio-psychological, and demographic determinants of landowners’ participation decisions. The study results suggest that making contract durations shorter with enhanced rental payments, and educating landowners about program efficacy as well as on- and off-farm benefits of the conservation practice would enhance participation.},
  langid = {english},
  keywords = {Conservation program,Filter strips,Landowner behavior,Watershed management},
  file = {/home/alex/Zotero/storage/A4TW2UMM/Yeboah et al. - 2015 - Agricultural landowners’ willingness to participat.pdf;/home/alex/Zotero/storage/B5CBA7KI/S0264837715002252.html}
}

@article{youngs1983b,
  title = {Ground-Water Models: {{Volume I}}, Concepts, Problems and Methods of Analysis with Examples of Their Application. {{J}}.{{D}}. {{Bredehoeft}} et al. {{UNESCO Press}}, {{France}}, 1982. 235 Pp. {{Studies}} and Reports in Hydrology {{No}}. 34. 70.00 {{FF}}. {{ISBN}} 92-3-102006-4},
  shorttitle = {Ground-Water Models},
  author = {Youngs, E. G.},
  date = {1983-08-01},
  journaltitle = {Agricultural Water Management},
  shortjournal = {Agricultural Water Management},
  volume = {6},
  number = {4},
  pages = {410--411},
  issn = {0378-3774},
  doi = {10.1016/0378-3774(83)90061-6},
  url = {https://sciencedirect.com/science/article/pii/0378377483900616},
  urldate = {2024-09-25},
  file = {/home/alex/Zotero/storage/FMYSC5PS/Youngs - 1983 - Ground-water models Volume I, concepts, problems and methods of analysis with examples of their app.pdf;/home/alex/Zotero/storage/J5IWIAJF/0378377483900616.html}
}
@book{burgette2017,
  title = {Propensity {{Scores}} for {{Repeated Treatments}}: {{A Tutorial}} for the Iptw {{Function}} in the {{TWANG Package}}},
  shorttitle = {Propensity {{Scores}} for {{Repeated Treatments}}},
  author = {Burgette, Lane and Griffin, Beth and McCaffrey, Daniel},
  year = {2017},
  publisher = {RAND Corporation},
  doi = {10.7249/TL136.2},
  urldate = {2024-05-30},
  langid = {english},
  file = {/home/alex/Zotero/storage/JGSQNMT9/Burgette et al. - 2017 - Propensity Scores for Repeated Treatments A Tutor.pdf}
}
@Manual{twang2023,
    title = {twang: Toolkit for Weighting and Analysis of Nonequivalent Groups},
    author = {Matthew Cefalu and Greg Ridgeway and Dan McCaffrey and Andrew Morral and Beth Ann Griffin and Lane Burgette},
    year = {2023},
    note = {R package version 2.6},
    url = {https://CRAN.R-project.org/package=twang},
  }

@report{emery1969,
  title = {Hydrology of the {{San Luis Valley}}, South-Central {{Colorado}}},
  author = {Emery, Philip A.},
  namea = {Boettcher, Arnold J. and Snipes, R. J. and McIntyre, Harold J. and {Geological Survey} and {Colorado Water Conservation Board}},
  nameatype = {collaborator},
  date = {1969-06},
  series = {Hydrologic Investigations Atlas ; {{HA-381}}},
  institution = {United States Geological Survey},
  location = {Washington, D.C},
  url = {https://pubs.usgs.gov/unnumbered/70045464/report.pdf},
  langid = {english},
  keywords = {Hydrology,Maps,San Luis Valley (Colo. and N.M.),San Luis Valley (Colo. and N.M.)$$QHydrology}
}

@jurisdiction{entz2004,
  title = {{{Concerning the authority of the state engineer to administer underground water use in water division}} 3, {{and}}, {{in connection therewith}}, {{protecting senior water rights}}, {{preventing unreasonable underground water level declines}}, {{maintaining sustainable underground water supplies}}, {{and encouraging the use of ground water management subdistricts in water division}} 3.},
  citation = {{Colorado S. bill 04-222}},
  date = {2004},
  number = {04-222},
  url = {https://statebillinfo.com/bills/bills/04/222_enr.pdf},
  urldate = {2024-05-12},
  file = {/home/alex/Zotero/storage/HSVVV6S2/222_enr.pdf}
}
@misc{ralphcurtis2005,
  title = {An {{Interview}} with {{Ralph Curtis}}},
  author = {{The Colorado Foundation for Water Education}},
  namea = {{Ralph Curtis}},
  nameatype = {collaborator},
  date = {2005-09},
  url = {https://issuu.com/cfwe/docs/headwaters9},
  urldate = {2024-05-11},
  abstract = {Recently retired as manager of the Rio Grande Water Conservation District, Ralph Curtis spent 25 years shepherding the district through water grabs, droughts and aquifer declines. A native of the San Luis Valley and a life-long resident of Saguache, Curtis agreed to be inter- viewed by the Foundation in September 2005.},
  langid = {english}
}
@report{slvdev2024,
  title = {San {{Luis Valley Statistical Profile}}},
  author = {{San Luis Valley Development Resources Group}},
  date = {2024},
  url = {https://slvdrg.org/wp-content/uploads/2021/03/2021-SLV-Statistical-Profile.pdf},
  urldate = {2024-09-07},
  file = {/home/alex/Zotero/storage/DI5GLTFP/2024-San-Luis-Valley-Statistical-Profile1.pdf;/home/alex/Zotero/storage/YG9X26WK/2021-SLV-Statistical-Profile.pdf}
}

@article{akerlofMarketLemonsQuality1970a,
  title = {The {{Market}} for "{{Lemons}}": {{Quality Uncertainty}} and the {{Market Mechanism}}},
  shorttitle = {The {{Market}} for "{{Lemons}}"},
  author = {Akerlof, George A.},
  date = {1970},
  journaltitle = {The Quarterly Journal of Economics},
  volume = {84},
  number = {3},
  eprint = {1879431},
  eprinttype = {jstor},
  pages = {488--500},
  publisher = {Oxford University Press},
  issn = {0033-5533},
  doi = {10.2307/1879431},
  url = {https://jstor.org/stable/1879431},
  urldate = {2024-10-30},
  abstract = {I. Introduction, 488.--II. The model with automobiles as an example, 489.--III. Examples and applications, 492.--IV. Counteracting institutions, 499.--V. Conclusion, 500.}
}

