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Water Markets and Rural Development

Author

Listed:
  • Jean-Marc Bourgeon

    (INRA - Institut National de la Recherche Agronomique, X-DEP-ECO - Département d'Économie de l'École Polytechnique - X - École polytechnique)

  • William Easter

    (Department of Applied Economics - UMN - University of Minnesota [Twin Cities] - University of Minnesota System)

  • Rodney Smith

    (Department of Applied Economics - UMN - University of Minnesota [Twin Cities] - University of Minnesota System)

Abstract

We examine potential third-party effects arising from trading water from one region (rural) to another (urban). Using labor, water and heterogeneous land, rural agents produce a traded agricultural good and nontraded service good. Absent job market frictions, increased water trading improves per capita regional welfare, but aggregate service income can increase (decrease) while individual land rents decrease (increase). If labor experiences job market frictions, water trading can trigger socially inefficient land fallowing, and a decrease in per capita regional welfare. Simulation results confirm the no-job-market-friction model predictions.

Suggested Citation

  • Jean-Marc Bourgeon & William Easter & Rodney Smith, 2008. "Water Markets and Rural Development," Post-Print hal-00363191, HAL.
    • Handle: RePEc:hal:journl:hal-00363191
    DOI: 10.1111/j.1467-8276.2008.01146.x
    as

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