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Simulating a Water Market: An In-Class Activity to Compare Market Efficiency under Various Institutions and Relative Advantages of Agents

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  • Wilson, Kyle D.

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  • Wilson, Kyle D., 2023. "Simulating a Water Market: An In-Class Activity to Compare Market Efficiency under Various Institutions and Relative Advantages of Agents," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 5(3), September.
    • Handle: RePEc:ags:aaeatr:338387
    DOI: 10.22004/ag.econ.338387
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    References listed on IDEAS

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    1. Farolfi, Stefano & Erdlenbruch, Katrin, 2020. "A classroom experimental game to improve the understanding of asymmetric common-pool resource dilemmas in irrigation water management," International Review of Economics Education, Elsevier, vol. 35(C).
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    4. Donohew, Zachary, 2009. "Property rights and western United States water markets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(1), pages 1-19.
    5. Zuo, Alec & Qiu, Feng & Wheeler, Sarah Ann, 2019. "Examining volatility dynamics, spillovers and government water recovery in Murray-Darling Basin water markets," Resource and Energy Economics, Elsevier, vol. 58(C).
    6. Dale J. Menkhaus & Owen R. Phillips & Chris T. Bastian, 2003. "Impacts of Alternative Trading Institutions and Methods of Delivery on Laboratory Market Outcomes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1323-1329.
    7. Bryan Leonard & Christopher Costello & Gary D Libecap, 2019. "Expanding Water Markets in the Western United States: Barriers and Lessons from Other Natural Resource Markets," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 13(1), pages 43-61.
    8. Ronald C. Griffin & Shih-Hsun Hsu, 1993. "The Potential for Water Market Efficiency When Instream Flows Have Value," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 292-303.
    9. Abidoye, Babatunde & Dissanayake, Sahan T.M. & Jacobson, Sarah A., 2021. "Seeds of Learning: Uncertainty and Technology Adoption in an Ecosystem-Based Adaptation Game," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 3(3), September.
    10. Sheila M. Olmstead, 2010. "The Economics of Managing Scarce Water Resources," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 4(2), pages 179-198, Summer.
    11. Varela-Ortega, Consuelo & M. Sumpsi, Jose & Garrido, Alberto & Blanco, Maria & Iglesias, Eva, 1998. "Water pricing policies, public decision making and farmers' response: implications for water policy," Agricultural Economics, Blackwell, vol. 19(1-2), pages 193-202, September.
    12. Harvey Gold & Steven Gold, 2010. "Beat the Market: An Interactive Microeconomics Simulation," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(2), pages 216-216, March.
    13. Riley, John Michael, 2020. "Hedging with Futures: An Experiential Learning Game," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 2(2), March.
    14. Zachary Donohew, 2009. "Property rights and western United States water markets ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(1), pages 85-103, January.
    15. L. Venkatachalam, 2015. "Informal water markets and willingness to pay for water: a case study of the urban poor in Chennai City, India," International Journal of Water Resources Development, Taylor & Francis Journals, vol. 31(1), pages 134-145, March.
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