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dc.contributor.authorTisdell, John
dc.date.accessioned2019-02-07T04:24:06Z
dc.date.available2019-02-07T04:24:06Z
dc.date.issued2010
dc.date.modified2011-03-07T08:52:19Z
dc.identifier.issn00431397en_US
dc.identifier.doi10.1029/2009WR007930en_US
dc.identifier.urihttp://hdl.handle.net/10072/36831
dc.description.abstractThis paper reports the results of a series of economic experiments in which an environmental agency with a stochastic demand function enters an existing water market to buy or sell water for instream use. Previous experimental studies have examined the use of tenders to reduce water extractions and social suasion to maintain aggregate flow levels and compared imposing minimum flow restrictions with subsidizing downstream water use and the allocation of tradeable minimum flow rights. The important contribution of this paper is that it explores the consequence of having an environmental agency enter an existing water market. In this paper we explore the consequences of (1) formally allocating tradeable water rights to the environmental agency, (2) allocating funding to purchase water as required, and (3) having the trading actions of the environmental agency a matter of public record. The research, while contextualized to water markets in this paper, addresses an important and timely issue that could have implication beyond water markets. In pollution permit markets, for example, there is the question of what the impact on the market would be if a government agency were to begin buying back permits, particularly if this represented a relatively large volume of trades and entered into such purchases on a needs basis.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherAmerican Geophysical Unionen_US
dc.publisher.placeUnited Statesen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto8en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalWater Resources Researchen_US
dc.relation.ispartofvolume46en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchEnvironmental Engineering not elsewhere classifieden_US
dc.subject.fieldofresearchcode090799en_US
dc.titleImpact of environmental traders on water markets: An experimental analysisen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
dc.description.versionPublisheden_US
gro.facultyGriffith Sciences, Griffith School of Environmenten_US
gro.rights.copyright© 2010 American Geophysical Union. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.date.issued2010
gro.hasfulltextFull Text


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