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An Econometric Test of the Endogeneity of Institutions: Water Markets in the Western United States

Author

Listed:
  • Hansen, Kristiana
  • Howitt, Richard E.
  • Williams, Jeffrey C.

Abstract

Replaced with revised version of paper 07/28/05.

Suggested Citation

  • Hansen, Kristiana & Howitt, Richard E. & Williams, Jeffrey C., 2005. "An Econometric Test of the Endogeneity of Institutions: Water Markets in the Western United States," 2005 Annual meeting, July 24-27, Providence, RI 19548, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea05:19548
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    File URL: http://purl.umn.edu/19548
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    References listed on IDEAS

    as
    1. Williams, Jeffrey, 1987. "Futures Markets: A Consequences of Risk Aversion or Transactions Costs?," Journal of Political Economy, University of Chicago Press, vol. 95(5), pages 1000-1023, October.
    2. Hearne, Robert R. & Easter, K. William, 1997. "The economic and financial gains from water markets in Chile," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 15(3), January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2007. "Water Markets in the West: Prices, Trading, and Contractual Forms," ICER Working Papers 30-2007, ICER - International Centre for Economic Research.
    2. Gary D. Libecap, 2010. "Water Rights and Markets in the U.S. Semi Arid West: Efficiency and Equity Issues," ICER Working Papers 30-2010, ICER - International Centre for Economic Research.

    More about this item

    Keywords

    water markets; institutions; environmental costs; third-party costs; water rights; Resource /Energy Economics and Policy; Q25;

    JEL classification:

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

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