Market power in California's water market

dc.contributor.authorTomori, Françeska
dc.contributor.authorAnsink, Erik
dc.contributor.authorHouba, Harold
dc.contributor.authorHagerty, Nick
dc.contributor.authorBos, Charles
dc.date.accessioned2024-01-18T20:43:11Z
dc.date.available2024-01-18T20:43:11Z
dc.date.issued2023-10
dc.description.abstractWe estimate market power in California's surface water market. Market power may distort the potential welfare gains from water marketing. We use a Nash-Cournot model and derive a closed-form solution for the extent of market power in a water market setting. We then use this solution to estimate market power in a newly assembled dataset on California's water economy. We show that, under the assumptions of the Nash-Cournot model, market power in this thin market is limited.en_US
dc.identifier.citationTomori, Françeska, Erik Ansink, Harold Houba, Nick Hagerty, and Charles Bos. 2023. “ Market Power in California's Water Market.” American Journal of Agricultural Economics 1–26. https://doi.org/10.1111/ajae.12434en_US
dc.identifier.issn0002-9092
dc.identifier.urihttps://scholarworks.montana.edu/handle/1/18268
dc.language.isoen_USen_US
dc.publisherWileyen_US
dc.rightscc-by-nc-nden_US
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en_US
dc.subjectCaliforniaen_US
dc.subjectmarket poweren_US
dc.subjectNash-Cournoten_US
dc.subjectwater marketsen_US
dc.titleMarket power in California's water marketen_US
dc.typeArticleen_US
mus.citation.extentfirstpage1en_US
mus.citation.extentlastpage26en_US
mus.citation.journaltitleAmerican Journal of Agricultural Economicsen_US
mus.identifier.doi10.1111/ajae.12434en_US
mus.relation.collegeCollege of Agricultureen_US
mus.relation.departmentAgricultural Economics & Economics.en_US
mus.relation.universityMontana State University - Bozemanen_US

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