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Recovering water for the environment during droughts through public water banks within a monopsony-monopoly setting
Allocation trade is an instrument that has been widely used to recover water for the environment during periods of scarcity (droughts). This paper proposes a water bank operating within a monopsony-monopoly setting with ...
Self-financed water bank for resource reallocation to the environment and within the agricultural sector
In 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 ...
Agricultural Water Allocation Under Cyclical Scarcity: The Role of Priority Water Rights
Water is becoming an increasingly scarce resource worldwide, suggesting that water rationing methods should be revised to improve water allocation efficiency, especially during cyclical scarcity events (droughts). The ...