Modelling spot water markets under uncertain water supply
View/ Open
Identifiers
URI: http://hdl.handle.net/10317/674Share
Metrics
Statistics
View Usage StatisticsMetadata
Show full item recordKnowledge Area
Economía, Sociología y Política AgrariaPublication date
2002-08Publisher
European Association of Agricultural Economists (EAAE)Bibliographic Citation
CALATRAVA LEYVA, Javier y GARRIDO COLMENERO, Alberto. Modelling spot water markets under uncertain water supply. En: Congress of European Association of Agricultural Economists (10th: 2002: Zaragoza). Xth Congress of the European Association of Agricultural Economists: Exploring diversity in the European Agri-Food System. Zaragoza: European Association of Agricultural Economists, 2002. P. 14.Keywords
IncertidumbreModelización de cultivos
Mercados del agua
Abastecimiento de agua
Abstract
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 been paid much attention in the literature. It analyses, from theoretical and empirical
standpoints, the role that uncertainty plays in market participants’ decisions and its impact on
gains from trade.
Two models have been ...
Collections
The following license files are associated with this item:
Social media