2024-03-29T04:41:24Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/632562024-01-26T12:41:06Zcom_10234_8643com_10234_9col_10234_8644
00925njm 22002777a 4500
dc
Georgantzis, Nikolaos
author
García-Gallego, Aurora
author
Hernán González, Roberto
author
Kujal, Praveen
author
2012-09
We experimentally test how a private monopoly, a duopoly and a public utility allocate water of differing qualities to households and farmers. Most of our results are in line with the theoretical predictions. Overexploitation of the resources is observed independently of the market structure. Stock depletion for the public utility is the fastest, followed by the private duopoly and private monopoly. On the positive aspects of centralized public management, we find that the average quality to price ratio offered by the public monopoly is substantially higher than that offered by the private monopoly or duopoly.
0924-6460
1573-1502
http://hdl.handle.net/10234/63256
http://dx.doi.org/10.1007/s10640-012-9545-7
Experiments
Water quality
Duopoly
Private monopoly
Public utility
Resource overexploitation
How do markets manage water resources? An Experiment