منابع مشابه
Are Water Markets Maturing
In a mature water market with many active buyers and sellers and with a free flow of information about supply, demand and prices paid, prices should not vary greatly at any given time. Willing buyers should always be prepared to pay the going price set by the most efficient and highest value producing irrigators. This paper will analyse the prices paid in two water markets in Australia and iden...
متن کاملThe Evolving Western Water Markets
Expanding population and environmental protection the world over are placing additional demands on existing water supplies. Meeting these demands by traditional structural supply augmentation is dogged by increasing environmental and fiscal costs, which leave excess water demand to be met largely by conservation and reallocation of existing supplies. Water trading clearly has a role in realloca...
متن کاملHow Might Future Water Markets Look: The Use of Experimental Economics to Design Markets for Water
One of the problems with proposals for substantial institutional change in water systems is that modification and irreversibility make the process slow, cautious and costly to society. Experimental economics yields a formal and replicable system for analyzing alternative market structures, such as the ‘smart’ market, before they are actually implemented. For example, a ‘smart’ water market can ...
متن کاملSimulating water markets with transaction costs
This paper presents an optimization model to simulate short-term pair-wise spot-market trading of surface water abstraction licenses (water rights). The approach uses a node-arc multicommodity formulation that tracks individual supplier-receiver transactions in a water resource network. This enables accounting for transaction costs between individual buyer-seller pairs and abstractor-specific r...
متن کاملOptimizing Trading Assignments in Water Right Markets
Over the past two decades, water markets have been successfully fielded in countries such as Australia, the United states, Chile, China, etc. Water users, mainly irrigators, have benefited immensely from water markets. However, the current water market design also faces certain serious barriers. It has been pointed out that transaction costs, which exists in most markets, induce great welfare l...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 2008
ISSN: 0002-9092,1467-8276
DOI: 10.1111/j.1467-8276.2008.01146.x