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Registros recuperados: 12
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A Coasian Approach to Efficient Water Allocation of a Transboundary River AgEcon
Willis, David B.; Baker, Justin Scott.
The United States and Mexico recently resolved a decade-old water dispute that required Mexico to repay the accumulated water debt within one year. A Coasian analysis estimates the social welfare gains attainable to each country under an alternative debt repayment scheme that allows repayment over a longer time horizon and in a combination of dollars and water, instead of solely in water. Assuming average water supply conditions, under the agreed 1-year repayment contract, U.S. compensation value is 534% greater and Mexico’s compensation cost is 60% less relative to when compensation is paid exclusively in water.
Tipo: Journal Article Palavras-chave: Coase; Water allocation; Water compensation; Water markets; Agribusiness; Consumer/Household Economics; Environmental Economics and Policy; Q1; Q2.
Ano: 2008 URL: http://purl.umn.edu/46985
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An Econometric Test of the Endogeneity of Institutions: Water Markets in the Western United States AgEcon
Hansen, Kristiana; Howitt, Richard E.; Williams, Jeffrey C..
Replaced with revised version of paper 07/28/05.
Tipo: Conference Paper or Presentation Palavras-chave: Water markets; Institutions; Environmental costs; Third-party costs; Water rights; Resource /Energy Economics and Policy; Q25.
Ano: 2005 URL: http://purl.umn.edu/19548
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Barriers to water markets in agriculture. Analysis of Southern Spain stakeholder attitudes AgEcon
Giannoccaro, Giacomo; Pedraza, Veronica; Berbel, Julio.
This paper was removed Feb. 27, 2013 at the request of the authors.
Tipo: Presentation Palavras-chave: Water markets; Focus groups; Irrigation; Stakeholder attitude; Resource /Energy Economics and Policy; Q15; Q25.
Ano: 2012 URL: http://purl.umn.edu/124113
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Designing Water Markets to Manage Coupled Externalities: An Application to Irrigation-Induced Salinity in Australia AgEcon
Legras, Sophie; Lifran, Robert.
In this paper, the design of water markets for the management of irrigation-induced salinity in Australia is addressed. Indeed, this setting exhibits complex interactions between the different features of the resource water. Quality, quantity of surface and ground-water interact in ways that produce coupled environmental externalities. It is then difficult to design efficient policy instruments to tackle all the issues at stake. This paper provides a preliminary analysis of three types of water market mechanisms, involving diversion rights and recharge rights.
Tipo: Conference Paper or Presentation Palavras-chave: Water markets; Irrigation induced salinity; Australia; Externalities; Policy instruments; Resource /Energy Economics and Policy; Q25; Q53.
Ano: 2006 URL: http://purl.umn.edu/25350
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Double trouble: The importance of accounting for and defining water entitlements consistent with hydrological realities (Conference title: Water Trading in the MDBC: How well is the market functioning?) AgEcon
Young, Michael D.; McColl, James C..
When water entitlement and water sharing systems are mis-specified, that is specified in a manner that lacks hydrological integrity, inefficient investment and water use is the result. Using Australia's Murray Darling Basin as an example, this paper attempts to reveal the economic consequences of entitlement mis-specification. Options for specification of entitlement and allocation systems in a way that has hydrological integrity are presented. It is reasoned, that if entitlement and allocation system were set up in this manner the result would be an efficient allocation regime that would autonomously adjust to climatic shifts, changes in prices and changes in technology whilst maintaining environmental integrity.
Tipo: Conference Paper or Presentation Palavras-chave: Interception; Water accounting; Water rights; Water markets; Water trading; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6037
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Economic Analysis of Groundwater Markets in Central Dry Zone of Karnataka AgEcon
Nagaraj, N.; Kumar, A.H. Suvarna; Chandrakanth, Mysore G..
Groundwater, unlike surface water, is expensive and relatively scarce and hence should be used to grow crops that are responsive to protective irrigation, require less water and are remunerative. Sellers and buyers of groundwater have put large areas under paddy, a water-intensive crop. This needs to be disciplined through effective groundwater institutions. Groundwater literacy has to be promoted by educating farmers on the pros and cons of overexploitation. For farmers who do not own wells, one way to enable access to water is through group investments in well irrigation. This would require provision for institutional credit for such groups and energization of pumpsets. This will provide an environment of sharing available groundwater and the associated...
Tipo: Report Palavras-chave: Water markets; Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/43785
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Establishing and managing the environmental water reserve – the interaction between different government policies AgEcon
Horne, Avril; Freebairn, John W.; O'Donnell, Erin.
Policy to protect river ecosystems has changed rapidly in Australia and the mechanisms to both establish and manage environmental water are still evolving. Policy has moved from providing a fixed environmental target (albeit varying between years) to one in which the environment can actively participate in the market, with the possibility of better fulfilling variable water requirements. However, the inherent nature of the Sustainable Diversion Limit (SDL), established under the Water Act 2007, is that it represents a fixed allocation to the environment. This paper considers the interaction the new SDL for the Murray Darling Basin and potential issues arising from the interaction with the government buyback initiative. While both the SDL and buyback have...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental water; Water markets; Instream flows; Sustainable diversion limits (SDLs); Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/100561
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Modelling Spot Water Markets Under Uncertain Water Supply AgEcon
Calatrava-Leyva, Javier; Garrido, Alberto.
Water availability in semiarid regions usually exhibits patterns of extreme variability. Even in intensively controlled basins, some users are subject to low levels of water reliability, and more vulnerable to periods of extreme scarcity. To reduce their risk exposure more flexible instruments, such as voluntary exchanges of water among users, are required. Recent changes in the Spanish water Law have given an initial impulse to allow for leases of water use rights. Properly designed and monitored, this instrument provides some flexibility to water management, and may increase the economic use efficiency as well as mitigate the adverse economic effects of droughts. This paper looks at the risks and uncertainty dimensions of water markets, which have not...
Tipo: Conference Paper or Presentation Palavras-chave: Uncertainty; Farm modelling; Water markets; Water supply; Resource /Energy Economics and Policy.
Ano: 2002 URL: http://purl.umn.edu/24820
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Price elasticity of water allocations demand in the Goulburn–Murray Irrigation District AgEcon
Wheeler, Sarah Ann; Bjornlund, Henning; Shanahan, Martin; Zuo, Alec.
Bid prices for the demand and supply of water allocations between 2001 and 2007, and average monthly prices paid for water allocations from 1997 to 2007 in the Goulburn– Murray Irrigation District are analysed to estimate price elasticities. Based on bid prices, the price elasticity of demand for water allocations appears highly elastic, with elasticities strongly influenced by the season and drought. The price elasticity of supply for water allocations is also elastic, albeit less elastic than demand. Using actual prices paid, water demand is negatively related to price and is inelastic, and appears to be most influenced by demand the previous month, drought and seasonality factors.
Tipo: Journal Article Palavras-chave: Water allocations demand; Water allocations supply; Price elasticity; Water markets; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/117737
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Some Economics of Act Water Resources: Determining Initial "Cap" Entitlements for the Act AgEcon
Pagan, Phil; Peezey, J..
The Australian Capital Territory (ACT) became a full participant in the Murray Darling Basin (MDB) Initiative in 1998. This opened the opportunity for the ACT to establish water trading arrangements with the other MDB member States. Provisions to facilitate this trade are currently being developed. In addition, the ACT is required to negotiate an initial “Cap” level with the other MDB members before water trading can begin. The Cap defines the amount of water resources for which each State has extractive rights, and is based on 1993/94 levels of water utilising development. This paper investigates alternative trading strategies that could be used to “build” Cap over time, and explores the implications for negotiation of the initial ACT Cap endowment.
Tipo: Conference Paper or Presentation Palavras-chave: Water resources; Water markets; Trading strategy; Australian Capital Territory; Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/58197
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TRADING UNDER RISK AND UNCERTAINTY IN AN AGRICULTURAL WATER MARKET IN CHILE AgEcon
Hadjigeorgalis, Ereney.
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions of perfect foresight. Although trades will occur based on differences in VMPs of water in both markets, they will also be generated by differences in risk. Some farmers will choose to reduce relative risk by purchasing additional water rights whereas others will hold few rights and rely on the spot market to meet their needs in dry years. Since spot markets are riskier than permanent rights markets, farmers who are better able to bear risk are more likely to participate in the spot market than those who are not. Farmers who face less risk will be sellers in both markets whereas farmers who face more risk will be buyers. Perennial crop...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Uncertainty; Water markets; Spot markets; Permanent rights markets; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21494
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Water policy reform in Australia: lessons from the Victorian seasonal water market AgEcon
Brennan, Donna C..
The nature of the seasonal water market is examined using a theoretical model and empirical evidence from the Victorian market. Drivers of the seasonal opportunity cost of water include the underlying nature of investment in the industry made in the context of risky entitlement yields; and the timing and nature of information regarding seasonal water availability and rainfall. Seasonal water markets facilitate the reallocation of water availability according to this short-run opportunity cost. Evidence from the market suggests that transactions costs are low and most of the existing constraints to trade in seasonal allocations are the result of hydrological conditions. Analysis of market data suggests that the price response of the market to water...
Tipo: Journal Article Palavras-chave: Irrigation; Water markets; Water policy reform; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/116976
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