Market power in California's water market

被引：1

作者：

Tomori, Franceska ^{[1
]}

Ansink, Erik ^{[2
]}

Houba, Harold ^{[3
]}

Hagerty, Nick ^{[4
]}

Bos, Charles ^{[5
]}

机构：

[1] Univ Rovira i Virgili, Dept Econ, ECO SOS, Reus, Spain

[2] Vrije Univ Amsterdam, Tinbergen Inst, Dept Spatial Econ, Amsterdam, Netherlands

[3] Vrije Univ Amsterdam, Dept Econ, Tinbergen Inst, Amsterdam, Netherlands

[4] Montana State Univ, Dept Agr Econ & Econ, Bozeman, MT USA

[5] Vrije Univ Amsterdam, Dept Finance, Tinbergen Inst, Amsterdam, Netherlands

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2024年 / 106卷 / 03期

关键词：

California; market power; Nash-Cournot; water markets; GAINS; TRADE;

D O I：

10.1111/ajae.12434

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

We estimate market power in California's surface water market. Market power may distort the potential welfare gains from water marketing. We use a Nash-Cournot model and derive a closed-form solution for the extent of market power in a water market setting. We then use this solution to estimate market power in a newly assembled dataset on California's water economy. We show that, under the assumptions of the Nash-Cournot model, market power in this thin market is limited.

引用

页码：1274 / 1299

页数：26

共 50 条

[1] Market Diversion and Market Power: California Eggs
William J. Allender
Timothy J. Richards
[J]. Review of Industrial Organization, 2010, 36 : 37 - 58
[2] Market Diversion and Market Power: California Eggs
Allender, William J.
Richards, Timothy J.
[J]. REVIEW OF INDUSTRIAL ORGANIZATION, 2010, 36 (01) : 37 - 58
[3] A market power analysis and its application on the california's wholesale electricity market
Joskow, P
Kahn, E
[J]. 2001 POWER ENGINEERING SOCIETY SUMMER MEETING, VOLS 1-3, CONFERENCE PROCEEDINGS, 2001, : 566 - 568
[4] Study on the Market Power in Water Rights Market
Dai Tian-sheng
Gu Bao-yan
Zhao Wen-hui
[J]. 2008 4TH INTERNATIONAL CONFERENCE ON WIRELESS COMMUNICATIONS, NETWORKING AND MOBILE COMPUTING, VOLS 1-31, 2008, : 8158 - +
[5] EMPIRICAL-ANALYSIS OF WATER MARKET INSTITUTIONS - THE 1991 CALIFORNIA WATER MARKET
HOWITT, RE
[J]. RESOURCE AND ENERGY ECONOMICS, 1994, 16 (04) : 357 - 371
[6] Option contracting in the California water market
Claire D. Tomkins
Thomas A. Weber
[J]. Journal of Regulatory Economics, 2010, 37 : 107 - 141
[7] Option contracting in the California water market
Tomkins, Claire D.
Weber, Thomas A.
[J]. JOURNAL OF REGULATORY ECONOMICS, 2010, 37 (02) : 107 - 141
[8] Wholesale generator incentives to exercise market power in the California electricity market
Silsbee, Carl H.
Jurewitz, John L.
[J]. Electricity Journal, 2001, 14 (07): : 51 - 56
[9] An empirical analysis of the potential for market power in California's electricity industry
Borenstein, S
Bushnell, J
[J]. JOURNAL OF INDUSTRIAL ECONOMICS, 1999, 47 (03): : 285 - 323
[10] Modeling market power in Korea's emerging power market
Ahn, Nam-sung
Niemeyer, Victor
[J]. ENERGY POLICY, 2007, 35 (02) : 899 - 906

← 1 2 3 4 5 →