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Are Water Markets Liquid? Evidence from Southeastern Spain

Author

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  • Donna, Javier D.
  • Espin-Sanchez, Jose

Abstract

Water scarcity is ubiquitous, affecting all continents and nations. Water allocation has become a central concern of policy discussions around the world. The World Economic Forum (2015) listed water scarcity as one of the “greatest global [risks] to economies, environments, and people.” In regions such as Latin America, India, and the United States, this phenomenon is especially acute (Barnett et al., 2005). Water markets have emerged as the preferred institution to allocate irrigation water used by farmers in the developed world, particularly in dry regions of the US and Australia (Grafton et al., 2011).

Suggested Citation

  • Donna, Javier D. & Espin-Sanchez, Jose, 2018. "Are Water Markets Liquid? Evidence from Southeastern Spain," MPRA Paper 117032, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117032
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    File URL: https://mpra.ub.uni-muenchen.de/117032/1/MPRA_paper_117032.pdf
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    References listed on IDEAS

    as
    1. T. P. Barnett & J. C. Adam & D. P. Lettenmaier, 2005. "Potential impacts of a warming climate on water availability in snow-dominated regions," Nature, Nature, vol. 438(7066), pages 303-309, November.
    2. R. Quentin Grafton & Gary Libecap & Samuel McGlennon & Clay Landry & Bob O'Brien, 2011. "An Integrated Assessment of Water Markets: A Cross-Country Comparison," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 219-239, Summer.
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    More about this item

    Keywords

    Market Efficiency; Dynamic Demand; Auctions; Quotas; Vertical Integration; Financial Markets;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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