IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v94y2012i5p1136-1153.html
   My bibliography  Save this article

The Advantage of Resource Queues over Spot Resource Markets: Decision Coordination in Experiments under Resource Uncertainty

Author

Listed:
  • Miguel A. Fonseca
  • Alexander Pfaff
  • Daniel Osgood

Abstract

Farmers have to make key decisions, such as which crops to plant or whether to prepare the soil, before knowing how much water they will get. They face losses if they make costly decisions but do not receive water, and they may forego profits if they receive water without being prepared. We consider the coordination of farmers' decisions, such as which crops to plant or whether to prepare the soil when farmers must divide an uncertain water supply. We compare ex-ante queues (pre-decision) to an ex-post spot market (post-decision & post-rain) in experiments in rural Brazil and a university in England. Queues have greater coordination success than does the spot market. Copyright 2012, Oxford University Press.

Suggested Citation

  • Miguel A. Fonseca & Alexander Pfaff & Daniel Osgood, 2012. "The Advantage of Resource Queues over Spot Resource Markets: Decision Coordination in Experiments under Resource Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(5), pages 1136-1153.
    • Handle: RePEc:oup:ajagec:v:94:y:2012:i:5:p:1136-1153
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/ajae/aas065
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    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:oup:ajagec:v:94:y:2012:i:5:p:1136-1153. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.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.