Potential for Tradable Water Allocation and Rights in Jordan
AbstractThis paper estimates the costs of buying water use rights from farmers located in the Mafraq-Azraq basin in Jordan. The farmers’ water supply curve is estimated using data gathered from a contingent valuation survey and nonparametric procedures. Estimation results indicate that a total supply of 29 million m3 could be periodically purchased from farmers at an annual price of approximately JD 0.23/m3 (1 JD ˜ 0.70 US$), or a total cost of about JD 6.8 million per year.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 87 (2011)
Issue (Month): 4 ()
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Web page: http://le.uwpress.org/
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- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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