Arriaza Balmón, Manuel; Gomez-Limon, Jose A.; Upton, Martin - In: Australian Journal of Agricultural and Resource Economics 46 (2002) 1
Spanish authorities have recently approved a new legislative framework for the creation of local water markets to improve allocative efficiency for this scarce resource. This paper analyses the potential impacts of the policy. A utility function for three groups of farmers was elicited, using a...