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Comerciando con Incertidumbre: Los Mercados de Agua en la Agricultura Chilena

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  • Ereney Hadjigeorgalis

Abstract

This research examines the effect of uncertainty o­n farmers’ water trading decisions in the Limarí River basin. The results show that farmers who face greater risks from water supply shortfalls, such as perennial crop farmers, will not participate in spo

Suggested Citation

  • Ereney Hadjigeorgalis, 2004. "Comerciando con Incertidumbre: Los Mercados de Agua en la Agricultura Chilena," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(122), pages 3-34.
    • Handle: RePEc:ioe:cuadec:v:41:y:2004:i:122:p:3-34
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    File URL: http://www.economia.uc.cl/docs/122hadja.pdf
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    References listed on IDEAS

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    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492, National Bureau of Economic Research, Inc.
    2. Bonnie G. Colby, 1990. "Transactions Costs and Efficiency in Western Water Allocation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(5), pages 1184-1192.
    3. Stephen C. Beare & Rosalyn Bell & Brian S. Fisher, 1998. "Determining the Value of Water: The Role of Risk, Infrastructure Constraints, and Ownership," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(5), pages 916-940.
    4. Van de Ven, Wynand P. M. M. & Van Praag, Bernard M. S., 1981. "The demand for deductibles in private health insurance : A probit model with sample selection," Journal of Econometrics, Elsevier, vol. 17(2), pages 229-252, November.
    5. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 31(3), pages 129-137.
    6. Rosegrant, Mark W. & Binswanger, Hans P., 1994. "Markets in tradable water rights: Potential for efficiency gains in developing country water resource allocation," World Development, Elsevier, vol. 22(11), pages 1613-1625, November.
    7. Awudu Abdulai & Christopher L. Delgado, 1999. "Determinants of Nonfarm Earnings of Farm-Based Husbands and Wives in Northern Ghana," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 117-130.
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    Cited by:

    1. Hadjigeorgalis, Ereney, 2006. "Hedging Irrigation Risk through Water Markets: Trends and Opportunities," Western Economics Forum, Western Agricultural Economics Association, vol. 5(2), pages 1-6.
    2. Anahí Urquiza & Marco Billi, 2020. "Water markets and social–ecological resilience to water stress in the context of climate change: an analysis of the Limarí Basin, Chile," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 1929-1951, March.

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    More about this item

    Keywords

    Water markets; risk; uncertainty; limarí river basin;
    All these keywords.

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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