Show simple item record

dc.contributor.authorGutiérrez-Martín, Carlos
dc.contributor.authorGómez-Limón, José A.
dc.contributor.authorMontilla-López, Nazaret M.
dc.date.accessioned2020-03-23T10:04:00Z
dc.date.available2020-03-23T10:04:00Z
dc.date.issued2020
dc.identifier.urihttp://hdl.handle.net/10396/19808
dc.description.abstractIn closed river basins, economic activities commonly threaten instream flows, especially during drought episodes. In such situations, a suitable policy option is to recover water for the environment by purchasing water allocations from farmers through a water bank. However, the purchase of temporary water rights strongly depends on the public budget available for this purpose. We propose a self-financed water bank with the twofold objective of reallocating water within the agricultural sector and recovering a share of the purchased water for the environment. The main feature of this water bank is that it will operate in a monopsony-monopoly setting, using its market power to recover water for environmental purposes, and working with a balanced budget (expenditure on purchases will equal revenues from sales). A mathematical programming model is developed to simulate the potential performance of the proposed water bank in the Guadalquivir River Basin (southern Spain), considering society’s demand for environmental water and different water scarcity scenarios. Results show that a maximum of between 5.8% and 10.4% of total water availability can be recovered for the environment, depending on the severity of the drought, while total economic efficiency is increased, yielding a beneficial result for farmers and society.es_ES
dc.format.mimetypeapplication/pdfes_ES
dc.language.isoenges_ES
dc.publisherElsevieres_ES
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/es_ES
dc.sourceEcological Economics 169, 106493 (2020)es_ES
dc.subjectHydrological droughtes_ES
dc.subjectAllocation tradees_ES
dc.subjectEnvironmental flowses_ES
dc.subjectEconomic efficiencyes_ES
dc.subjectMathematical programminges_ES
dc.subjectSpaines_ES
dc.titleSelf-financed water bank for resource reallocation to the environment and within the agricultural sectores_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://doi.org/10.1016/j.ecolecon.2019.106493es_ES
dc.relation.projectIDGobierno de España. RTI2018-095407-B-I00es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record