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Comerciando con Incertidumbre: Los Mercados de Agua en la Agricultura Chilena

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  • Ereney Hadjigeorgalis

Abstract

This research examines the effect of uncertainty o­n farmers’ water trading decisions in the Limarí River basin. The results show that farmers who face greater risks from water supply shortfalls, such as perennial crop farmers, will not participate in spo

Suggested Citation

  • Ereney Hadjigeorgalis, 2004. "Comerciando con Incertidumbre: Los Mercados de Agua en la Agricultura Chilena," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(122), pages 3-34.
  • Handle: RePEc:ioe:cuadec:v:41:y:2004:i:122:p:3-34
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    File URL: http://www.economia.uc.cl/docs/122hadja.pdf
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    References listed on IDEAS

    as
    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492 National Bureau of Economic Research, Inc.
    2. Stephen C. Beare & Rosalyn Bell & Brian S. Fisher, 1998. "Determining the Value of Water: The Role of Risk, Infrastructure Constraints, and Ownership," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(5), pages 916-940.
    3. Van de Ven, Wynand P. M. M. & Van Praag, Bernard M. S., 1981. "The demand for deductibles in private health insurance : A probit model with sample selection," Journal of Econometrics, Elsevier, vol. 17(2), pages 229-252, November.
    4. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
    5. Rosegrant, Mark W. & Binswanger, Hans P., 1994. "Markets in tradable water rights: Potential for efficiency gains in developing country water resource allocation," World Development, Elsevier, vol. 22(11), pages 1613-1625, November.
    6. Awudu Abdulai & Christopher L. Delgado, 1999. "Determinants of Nonfarm Earnings of Farm-Based Husbands and Wives in Northern Ghana," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 117-130.
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    More about this item

    Keywords

    Water markets; risk; uncertainty; limarí river basin;

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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