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Market Failure in Multiphase Electric Power Development for Agricultural Irrigation

Published online by Cambridge University Press:  28 April 2015

Bernard V. Tew ,
Josef M. Broder ,
Wesley N. Musser  and
Terence J. Centner
Bernard V. Tew
Affiliation:
University of Kentucky
Josef M. Broder
Affiliation:
Agricultural Economics, University of Georgia
Wesley N. Musser
Affiliation:
Agricultural Economics, University of Georgia Department of Agricultural and Resource Economics, Oregon State University
Terence J. Centner
Affiliation:
Agricultural Economics, University of Georgia
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Abstract

The adoption of multiphase electric power for electric irrigation has been limited in an area characterized by extremely rapid expansion of irrigated acreage despite production cost advantages. Theoretical and empirical evidence of failure in the existing market for multiphase power development are presented. Alternative development mechanisms are presented and discussed.

Keywords

multiphase power developmentmarket failureirrigationenergy
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 57 - 66
Copyright
Copyright © Southern Agricultural Economics Association 1985

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