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dc.contributor.authorGómez-Limón, José A.
dc.contributor.authorRiesgo, Laura
dc.contributor.authorPalomo-Hierro, Sara
dc.date.accessioned2017-11-08T12:47:29Z
dc.date.available2017-11-08T12:47:29Z
dc.date.issued2015
dc.identifier.urihttp://hdl.handle.net/10396/15371
dc.description.abstractLaw 46/1999 incorporated formal water markets into the Spanish legal and regulatory framework, allowing spot water markets and the creation of water banks. The implementation of water markets in Spain aimed at improving the efficiency of water use by reallocating water towards uses with higher added value. However, the performance of water markets in Spain has been rather disappointing, since they have been operative only during drought periods, and even under these extreme scarcity situations, trading activity counted for less than 5.0% of total water use. The narrowness of the market suggests that there are some barriers hampering their effective functioning. This paper examines the evolution and performance of water markets in Spain, relying on a transaction costs analysis framework. This analysis allows the identification of the main factors impeding water markets from operating effectively as a water reallocation tool. This analysis also provides some guidelines on how to overcome these obstacles and, thus, how to improve the efficiency of water use.es_ES
dc.format.mimetypeapplication/pdfes_ES
dc.language.isoenges_ES
dc.publisherMDPIes_ES
dc.rightshttps://creativecommons.org/licenses/by/4.0/es_ES
dc.sourceWater 7(2), 652-678 (2015)es_ES
dc.subjectWater demand management policyes_ES
dc.subjectWater marketses_ES
dc.subjectWater bankses_ES
dc.subjectMarket performancees_ES
dc.subjectBarrierses_ES
dc.subjectSpaines_ES
dc.titleWater Markets in Spain: Performance and Challengeses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttp://dx.doi.org/10.3390/w7020652es_ES
dc.relation.projectIDGobierno de España. AGL2010-17560-C02-01 (AGRIGOBERSOS)es_ES
dc.relation.projectIDGobierno de España. AGL2013-48080-C2-1-R (MERCAGUA)es_ES
dc.relation.projectIDGobierno de España. BES-2011-050946es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


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