Market power in California's water market
| dc.contributor.author | Tomori, Françeska | |
| dc.contributor.author | Ansink, Erik | |
| dc.contributor.author | Houba, Harold | |
| dc.contributor.author | Hagerty, Nick | |
| dc.contributor.author | Bos, Charles | |
| dc.date.accessioned | 2024-01-18T20:43:11Z | |
| dc.date.available | 2024-01-18T20:43:11Z | |
| dc.date.issued | 2023-10 | |
| dc.description.abstract | We 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.citation | Tomori, 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.12434 | en_US |
| dc.identifier.issn | 0002-9092 | |
| dc.identifier.uri | https://scholarworks.montana.edu/handle/1/18268 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Wiley | en_US |
| dc.rights | cc-by-nc-nd | en_US |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_US |
| dc.subject | California | en_US |
| dc.subject | market power | en_US |
| dc.subject | Nash-Cournot | en_US |
| dc.subject | water markets | en_US |
| dc.title | Market power in California's water market | en_US |
| dc.type | Article | en_US |
| mus.citation.extentfirstpage | 1 | en_US |
| mus.citation.extentlastpage | 26 | en_US |
| mus.citation.journaltitle | American Journal of Agricultural Economics | en_US |
| mus.identifier.doi | 10.1111/ajae.12434 | en_US |
| mus.relation.college | College of Agriculture | en_US |
| mus.relation.department | Agricultural Economics & Economics. | en_US |
| mus.relation.university | Montana State University - Bozeman | en_US |
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