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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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    2. 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).
    3. Consuelo Varela‐Ortega & José M. Sumpsi & Alberto Garrido & María Blanco & Eva Iglesias, 1998. "Water pricing policies, public decision making and farmers' response: implications for water policy," Agricultural Economics, International Association of Agricultural Economists, vol. 19(1-2), pages 193-202, September.
    4. 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.
    5. 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.
    6. 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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    8. 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.
    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. Sahan T. M. Dissanayake & Sarah A. Jacobson, 2016. "Policies with varying costs and benefits: A land conservation classroom game," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(2), pages 142-160, April.
    11. 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.
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    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. 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.
    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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