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Risk Management Instruments for Water Reallocations AgEcon
Hart, Chad E..
Federal and state governments are searching for programs and/or policies to deal with the risks linked with uncertainty in water supplies and demands. Within the United States, competition among agricultural, urban, and environmental concerns for water is increasing. Drought conditions and water use restrictions have, at times, limited water supplies for these varied uses. The federal government stands in a unique position as both a major supplier and demander of water. As such, the federal government has put forward several programs for water conservation, information, and usage. One area in which the federal government has not made significant progress is the issue of risk management and compensation for water reallocations. When natural forces or...
Tipo: Working or Discussion Paper Palavras-chave: Government policy; Reallocation; Risk management; Water rights; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/18298
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Quota Trading and Profitability: Theoretical Models and Applications to Danish Fisheries AgEcon
Andersen, Jesper Levring; Bogetoft, Peter.
Using Data Envelopment Analysis (DEA), we provide a framework to analyze the potential gains from quota trading. We compare the industry profit and structure before and after a free trade reallocation of production quotas. The effects of tradable production quotas depend on several technological and behavioral characteristics, including the ability to learn best practice (catch-up) and the ability to change the input and output composition (mix). To illustrate the usefulness of our approach, we analyze a dataset from the Danish fishery. We study the industry profit and structure under each of four sets of technological and behavioral characteristics.
Tipo: Working or Discussion Paper Palavras-chave: Data Envelopment Analysis (DEA); Individual Transferable Quotas (ITQ); Reallocation; Technical efficiency; Allocative efficiency; Fishery; Agribusiness; C61; L51; Q22; Q28.
Ano: 2003 URL: http://purl.umn.edu/24180
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