Markets, Contracts, and Uncertainty in a Groundwater Economy

Groundwater is a vital yet threatened resource in much of South Asia. This paper develops a model of groundwater transactions under payoff uncertainty arising from unpredictable fluctuations in groundwater availability during the agricultural dry s...

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Bibliographic Details
Main Authors:	Gine, Xavier, Jacoby, Hanan G.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	SUPPLY OF WATER HOLDING SPOT PRICE MOISTURE DURABLE GOODS HIGH IRRIGATION FLOW ACCOUNTING MARKET DISTORTIONS PARTICULAR DEBT SPOT MARKETS INTEREST GUARANTEES AGRICULTURAL PRODUCTION PUMPS CULTIVATED AREA INCENTIVE CONSTRAINT EXCHANGE OPTION PROPERTY RIGHTS AQUIFER WATER SUPPLY DEVELOPING COUNTRIES GROUNDWATER RECHARGE POLITICAL ECONOMY SURFACE WATER WATER ALLOCATIONS ASYMMETRIC INFORMATION HIGH LEVELS GAS BUDGET CONSTRAINTS WATER TABLE RENEGOTIATION MARKET FAILURE TAX TRANSACTION COST INTERNATIONAL BANK WATER RESOURCES MICRO-DATA DEVELOPING COUNTRY OPTIMAL CONTRACT BUDGET WITHDRAWALS WATER REQUIREMENTS CROP PRODUCTION SEEPAGE PARTICIPATION CONSTRAINT MORAL HAZARD CONTRACT RENEGOTIATION MARKET TRANSACTION CONTRACTS TRADING OPTIONS WATER USE WATER DEBT MARKETS HOUSEHOLD INCOME RAINFALL RETURN WATER SCARCITY RESEARCH AQUIFERS IRRIGATION WATER LANDOWNER RISK SHARING RESERVES FINANCE DRIP IRRIGATION SYSTEMS TAXES TRANSACTIONS EMERGING MARKETS TRANSACTION STORAGE CAPACITY RISK NEUTRAL WATER TRANSFER LEAD GOOD CREDIT CONSTRAINTS TAX RATE CLIMATE CHANGE DROUGHT DERIVATIVE FUTURE CULTIVATION RETURNS BILATERAL TRANSACTIONS GROUNDWATER EXPLOITATION CONTRACT SOIL MOISTURE DRY SEASON DRIP IRRIGATION PROPERTY PROPERTIES TRANSACTION COSTS SPOT MARKET MARKET BROAD RANGE EX-ANTE INCENTIVES WELLS COORDINATION FAILURE INSURANCE RENEGOTIATIONS WATER AVAILABILITY GOODS LANDOWNERS IRRIGATION SYSTEMS DURABLE COAST INVESTMENT OUTLET PIPE PIPE STATISTICS IRRIGATION GROUNDWATER SHARE METERS POVERTY TRANSACTIONS COSTS REVENUE INVESTMENTS RISK MANAGEMENT CONTRACT RENEGOTIATIONS INCENTIVE CONSTRAINTS INSTRUMENT RISK AVERSION CROPPING DECISIONS DEEP GROUNDWATER HUMAN DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26437790/markets-contracts-uncertainty-groundwater-economy http://hdl.handle.net/10986/24534

Internet

http://documents.worldbank.org/curated/en/2016/06/26437790/markets-contracts-uncertainty-groundwater-economy
http://hdl.handle.net/10986/24534

Markets, Contracts, and Uncertainty in a Groundwater Economy

Internet

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