IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/117167.html

The Illiquidity of Water Markets: The Global Water Forum

Author

Listed:
  • Donna, Javier D.
  • Espin Sanchez, Jose

Abstract

Water scarcity is accelerating. In regions such as Latin America, India, and the United States, this phenomenon is especially acute. Water markets are emerging as a preferred institution2 in dry regions of the United States and Australia. However, these analyses have largely ignored institutional frictions, primarily liquidity constraints, which calls into question whether markets are the most efficient allocation mechanism for water. The nexus question is the optimal mix of markets and regulations for allocating water in a world with increasingly scarce supply.

Suggested Citation

  • Donna, Javier D. & Espin Sanchez, Jose, 2014. "The Illiquidity of Water Markets: The Global Water Forum," MPRA Paper 117167, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117167
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/117167/1/1.Global-Water-Forum-Illiquidity-Water-Markets-PrePrint.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Donna, Javier & Espin-Sanchez, Jose, 2014. "The Illiquidity of Water Markets," MPRA Paper 55078, University Library of Munich, Germany.
    2. Donna, Javier D. & Espin-Sanchez, Jose, 2018. "Are Water Markets Liquid? Evidence from Southeastern Spain," MPRA Paper 117032, University Library of Munich, Germany.
    3. Molini, A. & Talkner, P. & Katul, G.G. & Porporato, A., 2011. "First passage time statistics of Brownian motion with purely time dependent drift and diffusion," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(11), pages 1841-1852.
    4. Xiuchen Wu & Hongyan Liu & Dali Guo & Oleg A Anenkhonov & Natalya K Badmaeva & Denis V Sandanov, 2012. "Growth Decline Linked to Warming-Induced Water Limitation in Hemi-Boreal Forests," PLOS ONE, Public Library of Science, vol. 7(8), pages 1-12, August.
    5. Robert Costanza & Shuang Liu, 2014. "Ecosystem Services and Environmental Governance: Comparing China and the U.S," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(1), pages 160-170, January.
    6. Liu, Duan & Yu, Nizhou & Wan, Hong, 2022. "Does water rights trading affect corporate investment? The role of resource allocation and risk mitigation channels," Economic Modelling, Elsevier, vol. 117(C).
    7. Stefan Ambec, 2020. "Environmental markets exacerbate inequalities," Working Papers hal-02945513, HAL.
    8. Hengzhou Xu & Chuanrong Zhang & Weidong Li & Wenjing Zhang & Hongchun Yin, 2018. "Economic growth and carbon emission in China:a spatial econometric Kuznets curve?," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(1), pages 11-28.
    9. S . K. Oni & F. Mieres & M. N. Futter & H. Laudon, 2017. "Soil temperature responses to climate change along a gradient of upland–riparian transect in boreal forest," Climatic Change, Springer, vol. 143(1), pages 27-41, July.
    10. Dalei Hao & Gautam Bisht & Hailong Wang & Donghui Xu & Huilin Huang & Yun Qian & L. Ruby Leung, 2023. "A cleaner snow future mitigates Northern Hemisphere snowpack loss from warming," Nature Communications, Nature, vol. 14(1), pages 1-10, December.
    11. Diana R. Gergel & Bart Nijssen & John T. Abatzoglou & Dennis P. Lettenmaier & Matt R. Stumbaugh, 2017. "Effects of climate change on snowpack and fire potential in the western USA," Climatic Change, Springer, vol. 141(2), pages 287-299, March.
    12. Alvaro Calzadilla & Katrin Rehdanz & Richard Betts & Pete Falloon & Andy Wiltshire & Richard Tol, 2013. "Climate change impacts on global agriculture," Climatic Change, Springer, vol. 120(1), pages 357-374, September.
    13. Leiwen Jiang & Karen Hardee, 2011. "How do Recent Population Trends Matter to Climate Change?," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 30(2), pages 287-312, April.
    14. Schaefli, Bettina & Manso, Pedro & Fischer, Mauro & Huss, Matthias & Farinotti, Daniel, 2017. "The role of glacier retreat for Swiss hydropower production," Earth Arxiv 7z96d, Center for Open Science.
    15. Zuo, Alec & Nauges, Celine & Wheeler, Sarah, 2012. "Water trading as a risk-management tool for farmers: new empirical evidence from the Australian water market," Risk and Sustainable Management Group Working Papers 149885, University of Queensland, School of Economics.
    16. Haiyan Fang & Zemeng Fan, 2021. "Impacts of climate and land use changes on water and sediment yields for the black soil region, northeastern China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 6259-6278, April.
    17. Hanjra, Munir A. & Qureshi, M. Ejaz, 2010. "Global water crisis and future food security in an era of climate change," Food Policy, Elsevier, vol. 35(5), pages 365-377, October.
    18. Chen, Zi-yue & Huang, Zhen-hai & Nie, Pu-yan, 2018. "Industrial characteristics and consumption efficiency from a nexus perspective – Based on Anhui’s Empirical Statistics," Energy Policy, Elsevier, vol. 115(C), pages 281-290.
    19. R. R. McCrary & L. O. Mearns & M. R. Abel & S. Biner & M. S. Bukovsky, 2022. "Projections of North American snow from NA-CORDEX and their uncertainties, with a focus on model resolution," Climatic Change, Springer, vol. 170(3), pages 1-25, February.
    20. Xiaofeng Ren & Erwen Xu & C. Ken Smith & Michael Vrahnakis & Wenmao Jing & Weijun Zhao & Rongxin Wang & Xin Jia & Chunming Yan & Ruiming Liu, 2024. "Changes in Surface Runoff and Temporal Dispersion in a Restored Montane Watershed on the Qinghai–Tibetan Plateau," Land, MDPI, vol. 13(5), pages 1-22, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:117167. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.