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This paper analyzes the economic impacts of changes in water availability due to climate change. We develop a new modeling approach as an alternative to include water as a production factor within a global CGE model. We tailor the structure of the ICES model to characterize the key features of...
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availability during drought. The regional impacts of water buybacks in the basin are much smaller than otherwise as a consequence …
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buybacks are much less costly than upgrades as a means of obtaining a target volume of environmental water. Even during drought …
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