How do markets manage water resources? An Experiment
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Altres documents de l'autoria: Georgantzis, Nikolaos; García-Gallego, Aurora; Hernán González, Roberto; Kujal, Praveen
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/9
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How do markets manage water resources? An ExperimentData de publicació
2012-09Editor
Springer VerlagISSN
0924-6460; 1573-1502Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://link.springer.com/article/10.1007/s10640-012-9545-7Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
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. Overex ... [+]
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. [-]
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Environmental and Resource Economics, September 2012, Volume 53, Issue 1Drets d'accés
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