IDEAS home Printed from https://ideas.repec.org/a/spr/waterr/v24y2010i12p3237-3256.html
   My bibliography  Save this article

Estimating the Potential Water Transfer Prices Using Price Endogenous Theory

Author

Listed:
  • Chi-Chung Chen
  • Shih-Hsun Hsu

Abstract

The purpose of this paper is to estimate the potential market price for the transfer of water among sectors in the Northern Taiwan region. This region is the major semiconductor and information technology product manufacturing area in Taiwan and plays an important role in contributing to domestic GDP. To this end, a regional water endogenous price economic model using a nonlinear programming approach is adopted in which the activity of transferring water from the agricultural sector to the non-agricultural sector in a water market is taken into consideration. In addition, the potential water transfer price is estimated using this empirical model under the assumption of social welfare maximization. The scenario results prove that the activity of transferring water from the agricultural sector to the non-agricultural sector could improve the benefits both in the water market and the agricultural sector. Copyright Springer Science+Business Media B.V. 2010

Suggested Citation

  • Chi-Chung Chen & Shih-Hsun Hsu, 2010. "Estimating the Potential Water Transfer Prices Using Price Endogenous Theory," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 24(12), pages 3237-3256, September.
    • Handle: RePEc:spr:waterr:v:24:y:2010:i:12:p:3237-3256
    DOI: 10.1007/s11269-010-9604-1
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11269-010-9604-1
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11269-010-9604-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    References listed on IDEAS

    as
    1. Keplinger, Keith O. & McCarl, Bruce A. & Chowdhury, Manzoor E. & Lacewell, Ronald D., 1998. "Economic And Hydrologic Implications Of Suspending Irrigation In Dry Years," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-15, July.
    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. Se-Ju Ku & Seung-Hoon Yoo, 2012. "Economic Value of Water in the Korean Manufacturing Industry," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(1), pages 81-88, January.
    2. Massimiliano Calì & Stephan Nolte & Nicola Cantore, 2013. "Sweet and Sour Changes in Trade Regimes," The World Economy, Wiley Blackwell, vol. 36(6), pages 786-806, June.

    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. Dannele E. Peck & Richard M. Adams, 2010. "Farm-level impacts of prolonged drought: is a multiyear event more than the sum of its parts?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(1), pages 43-60, January.
    2. Lambert, David K. & Shaw, W. Douglass, 2000. "Agricultural And Recreational Impacts From Surface Flow Changes Due To Gold Mining Operations," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    3. Peck, Dannele E. & Adams, Richard M., 2010. "Farm-level impacts of prolonged drought: is a multiyear event more than the sum of its parts?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(1), pages 1-18.
    4. Jakhalu, Atoho & Werthmann, Christine, 2011. "Governance of Inter-Sectoral Water Re-allocation within the Context of Urbanization in Hyderabad. Using the Institutions of Sustainability (IoS) framework," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114458, European Association of Agricultural Economists.
    5. Mora, Miguel A. & Grant, William E. & Wilkins, Leann & Wang, Hsiao-Hsuan, 2013. "Simulated effects of reduced spring flow from the Edwards Aquifer on population size of the fountain darter (Etheostoma fonticola)," Ecological Modelling, Elsevier, vol. 250(C), pages 235-243.
    6. Lambert, David K. & Shaw, W. Douglass, 1998. "Alternative Use Values Within A Watershed Under Transitory Supply Shocks," Discussion Papers 12955, University of Nevada at Reno, Department of Resource Economics.
    7. Cai, Yongxia & McCarl, Bruce A., 2009. "Climate Change and Texas Water Planning: an Economic Analysis of Inter-basin Water Transfers," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49933, Agricultural and Applied Economics Association.
    8. Iglesias, Eva & Garrido, Alberto & Gomez-Ramos, Almudena, 2003. "Evaluation of drought management in irrigated areas," Agricultural Economics, Blackwell, vol. 29(2), pages 211-229, October.
    9. Zhou, Yuan & Zhang, Yili & Abbaspour, Karim C. & Mosler, Hans-Joachim & Yang, Hong, 2009. "Economic impacts on farm households due to water reallocation in China's Chaobai watershed," Agricultural Water Management, Elsevier, vol. 96(5), pages 883-891, May.
    10. Palazzo, Amanda & Brozović, Nicholas, 2014. "The role of groundwater trading in spatial water management," Agricultural Water Management, Elsevier, vol. 145(C), pages 50-60.
    11. Brorsen, B. Wade, 2009. "Research: Are We Valuing the Right Stuff?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(1), pages 1-10, April.
    12. Kuwayama, Yusuke & Brozović, Nicholas, 2013. "The regulation of a spatially heterogeneous externality: Tradable groundwater permits to protect streams," Journal of Environmental Economics and Management, Elsevier, vol. 66(2), pages 364-382.

    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:spr:waterr:v:24:y:2010:i:12:p:3237-3256. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.