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Water market and coordination failur...

Zegarra, Eduardo Ariel.

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Water market and coordination failures: The case of the Limari Valley in Chile.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Water market and coordination failures: The case of the Limari Valley in Chile./
Author:	Zegarra, Eduardo Ariel.
Description:	138 p.
Notes:	Source: Dissertation Abstracts International, Volume: 63-07, Section: A, page: 2639.
Contained By:	Dissertation Abstracts International63-07A.
Subject:	Economics, Agricultural. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3060408
ISBN:	0493760733

Water market and coordination failures: The case of the Limari Valley in Chile.
Zegarra, Eduardo Ariel.

Water market and coordination failures: The case of the Limari Valley in Chile. - 138 p.

Source: Dissertation Abstracts International, Volume: 63-07, Section: A, page: 2639.

Thesis (Ph.D.)--The University of Wisconsin - Madison, 2002.

Despite the claim that water markets enhance agricultural performance, there is relatively little evidence on their actual operation. This thesis explores the operation of the spot water market in the Limarí Valley in Chile. Data were collected from this valley in 1996–1997, a period of severe drought. Escalating water prices, high price volatility and increasing market uncertainty during this period led a significant proportion of Limarí Valley producers to question the value of water markets.

ISBN: 0493760733Subjects--Topical Terms:

626648
Economics, Agricultural.

Water market and coordination failures: The case of the Limari Valley in Chile.
LDR:02195nam 2200301 a 45 001 933723
005 20110506
008 110506s2002 eng d
020 $a 0493760733
035 $a (UnM)AAI3060408
035 $a AAI3060408
040 $a UnM $c UnM
100 1 $a Zegarra, Eduardo Ariel. $3 1257454
245 1 0 $a Water market and coordination failures: The case of the Limari Valley in Chile.
300 $a 138 p.
500 $a Source: Dissertation Abstracts International, Volume: 63-07, Section: A, page: 2639.
500 $a Supervisor: Michael R. Carter.
502 $a Thesis (Ph.D.)--The University of Wisconsin - Madison, 2002.
520 $a Despite the claim that water markets enhance agricultural performance, there is relatively little evidence on their actual operation. This thesis explores the operation of the spot water market in the Limarí Valley in Chile. Data were collected from this valley in 1996–1997, a period of severe drought. Escalating water prices, high price volatility and increasing market uncertainty during this period led a significant proportion of Limarí Valley producers to question the value of water markets.
520 $a Beginning with a micro-theoretic model, this thesis explores the hypothesis that water market instability is a systematic feature of agriculture characterized by fixed cost investment and permanent crops. In such a world, an investment coordination failure occurs as permanent crops make water demand rigid, resulting in price volatility when water supply shocks occur. In the case of the Limarí Valley, the model implies that the investment in permanent crops that fueled economic development also rendered the water market less effective. Econometric estimates of water market participation confirm the general outlines of the model and give quantitative dimension to the range of prices over which the water market is rigid.
590 $a School code: 0262.
650 4 $a Economics, Agricultural. $3 626648
650 4 $a Economics, General. $3 1017424
650 4 $a Geography. $3 524010
690 $a 0366
690 $a 0501
690 $a 0503
710 2 0 $a The University of Wisconsin - Madison. $3 626640
773 0 $t Dissertation Abstracts International $g 63-07A.
790 $a 0262
790 1 0 $a Carter, Michael R., $e advisor
791 $a Ph.D.
792 $a 2002
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3060408