Droughts and water trading in the western United States: recent economic evidence

被引：13
|
作者：
Ghosh, Sanchari [1 ]
机构：
[1] Northeastern State Univ, Coll Business & Technol, Dept Accounting Finance Business Law & Econ, Tahlequah, OK 74464 USA
来源：
INTERNATIONAL JOURNAL OF WATER RESOURCES DEVELOPMENT | 2019年 / 35卷 / 01期
关键词：
Drought; water trading; spot market; multiyear lease; western US; PRICE DETERMINATION; MARKET; EFFICIENCY; CLIMATE; RIGHTS;
D O I：
10.1080/07900627.2017.1411252
中图分类号：
TV21 [水资源调查与水利规划];
学科分类号：
081501 ;
摘要：
Recent droughts in the western United States have encouraged the growth of spot markets for water trading in states like California, which witnessed $95 million worth of water exchanged through these transfers during 2009. This article uses water transaction data from Water Strategist Monthly to investigate the effect of droughts on the volume of water transferred in four western states. A statistically significant effect of drought intensity on the volume and price of water is seen. Multiyear leases and sales have a larger effect than annual leases on the amount of water transferred annually.
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页码：145 / 159
页数：15
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