IDEAS home Printed from https://ideas.repec.org/a/ioe/cuadec/v41y2004i122p3-34.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.economia.uc.cl/docs/122hadja.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Watanabe, Hajime & Maruyama, Takuya, 2024. "A Bayesian sample selection model with a binary outcome for handling residential self-selection in individual car ownership," Journal of choice modelling, Elsevier, vol. 51(C).
    2. Fabrice Le Guel & Thierry Pénard & Raphaël Suire, 2005. "Adoption et usage marchand de l'Internet : une étude économétrique sur données bretonnes," Economie & Prévision, La Documentation Française, vol. 167(1), pages 67-84.
    3. Glenn W. Harrison & Morten I. Lau & Hong Il Yoo, 2020. "Risk Attitudes, Sample Selection, and Attrition in a Longitudinal Field Experiment," The Review of Economics and Statistics, MIT Press, vol. 102(3), pages 552-568, July.
    4. Cumming, Douglas & Fleming, Grant & Schwienbacher, Armin, 2006. "Legality and venture capital exits," Journal of Corporate Finance, Elsevier, vol. 12(2), pages 214-245, January.
    5. Murray, Anthony G. & Mills, Bradford F., 2011. "Read the label! Energy Star appliance label awareness and uptake among U.S. consumers," Energy Economics, Elsevier, vol. 33(6), pages 1103-1110.
    6. J Banasik & J Crook & L Thomas, 2003. "Sample selection bias in credit scoring models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(8), pages 822-832, August.
    7. Garcia, Serge & Harou, Patrice & Montagné, Claire & Stenger, Anne, 2009. "Models for sample selection bias in contingent valuation: Application to forest biodiversity," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 59-78, January.
    8. Morrissey, Karyn & Kinderman, Peter & Pontin, Eleanor & Tai, Sara & Schwannauer, Mathias, 2016. "Web based health surveys: Using a Two Step Heckman model to examine their potential for population health analysis," Social Science & Medicine, Elsevier, vol. 163(C), pages 45-53.
    9. Kabo, Felichism W. & Cotton-Nessler, Natalie & Hwang, Yongha & Levenstein, Margaret C. & Owen-Smith, Jason, 2014. "Proximity effects on the dynamics and outcomes of scientific collaborations," Research Policy, Elsevier, vol. 43(9), pages 1469-1485.
    10. Che-Wei Liu & Guodong (Gordon) Gao & Ritu Agarwal, 2019. "Unraveling the “Social” in Social Norms: The Conditioning Effect of User Connectivity," Information Systems Research, INFORMS, vol. 30(4), pages 1272-1295, April.
    11. repec:aer:wpaper:336 is not listed on IDEAS
    12. Marra Giampiero & Radice Rosalba, 2017. "A joint regression modeling framework for analyzing bivariate binary data in R," Dependence Modeling, De Gruyter, vol. 5(1), pages 268-294, December.
    13. Adelchi Azzalini & Hyoung-Moon Kim & Hea-Jung Kim, 2019. "Sample selection models for discrete and other non-Gaussian response variables," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 28(1), pages 27-56, March.
    14. Eun-Ju Lee & David Eastwood & Jinkook Lee, 2004. "A Sample Selection Model of Consumer Adoption of Computer Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 26(3), pages 263-275, December.
    15. Christian Hackober & Carolin Bock, 2021. "Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms," Journal of Business Economics, Springer, vol. 91(8), pages 1085-1124, October.
    16. Leung, Siu Fai & Yu, Shihti, 1996. "On the choice between sample selection and two-part models," Journal of Econometrics, Elsevier, vol. 72(1-2), pages 197-229.
    17. Sandra Müllbacher & Wolfgang Nagl, 2017. "Labour supply in Austria: an assessment of recent developments and the effects of a tax reform," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(3), pages 465-486, August.
    18. Sarah Bridges & David Lawson, 2008. "Health and Labour Market Participation in Uganda," WIDER Working Paper Series DP2008-07, World Institute for Development Economic Research (UNU-WIDER).
    19. Miyoshi, Koyo, 2008. "Male-female wage differentials in Japan," Japan and the World Economy, Elsevier, vol. 20(4), pages 479-496, December.
    20. Fossen, Frank M. & König, Johannes, 2015. "Public health insurance and entry into self-employment," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112934, Verein für Socialpolitik / German Economic Association.
    21. Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2019. "How do tax progressivity and household heterogeneity affect Laffer curves?," Quantitative Economics, Econometric Society, vol. 10(4), pages 1317-1356, November.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ioe:cuadec:v:41:y:2004:i:122:p:3-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jaime Casassus (email available below). General contact details of provider: https://edirc.repec.org/data/iepuccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.