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Implementing Options Markets in California To Manage Water Supply Uncertainty
Hansen, Kristiana; Howitt, Richard E.; Williams, Jeffrey C. - 2006
In California, the tremendous spatial and temporal variation in precipitation suggests that flexible contractual arrangements, such as option contracts, would increase allocative efficiency of water over time and space. Under such arrangements, a water agency pays an option premium for the right...
Persistent link: https://www.econbiz.de/10009444287
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Implementing Options Markets in California To Manage Water Supply Uncertainty
Hansen, Kristiana; Howitt, Richard E.; Williams, Jeffrey C. - Agricultural and Applied Economics Association - AAEA - 2006
In California, the tremendous spatial and temporal variation in precipitation suggests that flexible contractual arrangements, such as option contracts, would increase allocative efficiency of water over time and space. Under such arrangements, a water agency pays an option premium for the right...
Persistent link: https://www.econbiz.de/10005060295
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DROUGHT, STRIFE, AND INSTITUTIONAL CHANGE
Howitt, Richard E. - In: Western Economics Forum 01 (2002) 02
Persistent link: https://www.econbiz.de/10005459825
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An Economic Analysis of Water Infrastructure Investments, Agricultural Productivity and Climate Change in the Mekong Delta: Adapting to Increased Salinity and Sea Level Rise
Corderi Novoa, David; Williams, Jeffrey C.; Howitt, … - Agricultural and Applied Economics Association - AAEA - 2011
Replaced with revised version of paper 07/24/11.
Persistent link: https://www.econbiz.de/10009021215