Bourgeon, Jean-Marc; Easter, K. William; Smith, Rodney B.W. - In: American Journal of Agricultural Economics 90 (2008) 4, pp. 902-917
We examine potential third-party effects arising from trading water from one region (rural) to another (urban). Using labor, water and heterogeneous land, rural agents produce a traded agricultural good and nontraded service good. Absent job market frictions, increased water trading improves per...
