• DOI:10.1086/712429
Corpus ID: 219618919

Subsidies for succulents: Evaluating the Las Vegas Cash-for-Grass rebate program

@article{Baker2020SubsidiesFS,
  title={Subsidies for succulents: Evaluating the Las Vegas Cash-for-Grass rebate program},
  author={Jonathan E. Baker},
  journal={Journal of the Association of Environmental and Resource Economists},
  year={2020}
}

Jonathan E. Baker

Published 2020

Economics

Journal of the Association of Environmental and Resource Economists

I estimate the water savings and property value effects of a Las Vegas area water conservation program that subsidizes conversions of lawn to desert landscape. Using event studies and panel fixed-effects models, I find that the average conversion reduces baseline water consumption by 21 percent and increases property values by about 1 percent. In addition, my results show that water savings remain relatively stable over time; that water savings are inversely proportional to annual program take… CONTINUE READING

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