Steven Buck

Steven Buck
University of Kentucky | UKY · Department of Agricultural Economics

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9
Publications
570
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123
Citations
Introduction

Publications

Publications (9)
Article
We measure consumer welfare losses from reductions in water use following California's conservation mandate in 2015, which imposed utility service area-specific conservation targets of 4% up to 36%. We document imperfect compliance with the mandate and discuss factors that may explain the pattern of reductions ultimately observed. The basis for cal...
Article
Full-text available
Urban water managers use forecasts of water consumption to determine management decisions and investment choices. Public reports show that water utilities rely on forecast models that are not selected based on their out‐of‐sample prediction performance; further, these reports frequently only present a single forecast instead of a range of forecasts...
Article
The paper evaluates welfare losses from urban water supply disruptions for a sample of 53 urban water utilities in California collectively providing service to over 20 million customers. The analysis accounts for the fact that most water utilities engage in a form of average cost pricing where volumetric rates are used to finance fixed expenses. We...
Article
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 pa...
Article
We present the results of a new laboratory experiment designed to mimic the ways in which credit bureaus will alter microfinance markets. Where loans are taken in groups, bureaus can build reputations for borrowers at the group or the individual level, and the optimal contract is not obvious. In a modified public goods game with ejection and re-ass...
Article
Using an artefactual economic experiment and a randomized training intervention in Ecuador we test if trust conditions a farmer’s decision to learn during an agricultural training. We present a simple model of farmer behavior during the agricultural training in order to link play in the laboratory to behavior in the field. We find evidence that far...
Article
Full-text available
Many researchers and commentators underestimate the length and importance of the time lags between initial research investment and ultimate impacts on the development and adoption of technological innovations. In both econometric studies of productivity and ex post and ex ante benefit-cost evaluations of research investments, researchers typically...

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