This article examines the relationship between water right priority and value of use for rights defined by prior appropriation, and tests whether this relationship is different for rights that have been transferred from their original locations to new locations, versus those that have not.
Lee, G.-E., Rollins, K., and Singletary, L.
2020,
The Relationship between Priority and Value of Irrigation Water Used with Prior Appropriation Water Rights,
Land Economics, 96(3): 384-398