In the face of growing management problems and conflicts over increasing demands and dwindling or increasingly variable supplies of surface and groundwater, the need for revising the conventional water resource allocation methods has been increasingly felt among natural resource managers and...

Inefficient performance of irrigation systems not only leads to a waste of water resources, but may also affect agriculture production, especially in regions facing a water stress problem. In rural China, only 40% of the water allocated to irrigation is effectively used, a figure much lower than...

Global projections for increasing food demand combined with increasing demand for energy from all sources – including crop-based biofuels – point towards greater stress on food systems and their supporting ecosystems. In many parts of the world, increasing household incomes has translated...

The emergence of biofuels has led to an increase in crop price and subsequently global food prices but the extent of the impact is subject to debate. Fully understanding the role of biofuels on agricultural markets requires properly accounting for the response of all affected inputs and outputs....

Inefficient performance of irrigation systems not only leads to a waste of water resources, but may also affect agriculture production, especially in regions facing a water stress problem. In rural China, only 40% of the water allocated to irrigation is effectively used, a figure much lower than...

In this paper we develop a positive calibrated approach to stochastic dynamic programming. Risk aversion, discount rate, and intertemporal substitution preferences of the decision-maker are calibrated by a procedure that minimizes the mean squared error from data on past decisions. We apply this...

In the face of growing management problems and conflicts over increasing demands and dwindling or increasingly variable supplies of surface and groundwater, the need for revising the conventional water resource allocation methods has been increasingly felt among natural resource managers and...

While water markets have been shown to be beneficial to users, the transfers made through sales can have serious third-party impacts, as has been addressed in the water resources literature. Potential asymmetries arising from the hydrological characteristics of the groundwater basin could...

Replaced with revised version of paper 07/20/05.