Calatrava-Leyva, Javier; Garrido, Alberto - European Association of Agricultural Economists - EAAE - 2002
as mitigate the adverse economic effects of droughts. This paper looks at the risks and uncertainty dimensions of water …, the role that uncertainty plays in market participants' decisions and its impact on gains from trade. Two models have been … endogeneity is solved by an iterative process, which characterise price uncertainty from the results obtained from the spatial …