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Determinants of Water Market Prices in the Western United States

Author

Listed:
  • Kris Toll

    (Utah State University, Logan, UT 84322, USA)

  • Craig D. Broadbent

    (Brigham Young University-Idaho, 525 S Center St Rexburg, ID 83460, USA)

  • Quinn Beeson

    (The Buckeye Institute, Columbus OH 43215, USA)

Abstract

As water markets continue to evolve throughout the western U.S., understanding what factors influence the price of water is informative to water users seeking to engage in transactions. Using 690 water lease transactions and 1,351 water rights transactions from the journal Water Strategist we analyze and provide insights into the effect of user type in the transaction process, hydrologic conditions, geographic location and lease length upon water prices. This analysis is conducted for both a rights transfer and leasing marketplace.

Suggested Citation

  • Kris Toll & Craig D. Broadbent & Quinn Beeson, 2019. "Determinants of Water Market Prices in the Western United States," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 5(03), pages 1-21, July.
    • Handle: RePEc:wsi:wepxxx:v:05:y:2019:i:03:n:s2382624x19500024
    DOI: 10.1142/S2382624X19500024
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    References listed on IDEAS

    as
    1. Howitt, Richard E. & Hansen, Kristiana, 2005. "The Evolving Western Water Markets," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 20(1), pages 1-5.
    2. Bonnie G. Colby, 1990. "Transactions Costs and Efficiency in Western Water Allocation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(5), pages 1184-1192.
    3. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2008. "2006 Presidential Address Water Markets In The West: Prices, Trading, And Contractual Forms," Economic Inquiry, Western Economic Association International, vol. 46(2), pages 91-112, April.
    4. D. Jay Goodman & Charles W. Howe, 1997. "Determinants of Ditch Company Share Prices in the South Platte River Basin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 946-951.
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