The Design of ``Smart'' Water Market Institutions Using Laboratory Experiments

One of the problems with proposals for substantialinstitutional change in water systems is thatmodification and irreversibility make the processslow, cautious and costly to society. In this paper,we discuss the role that experimental economics canplay in evaluating proposed institutional changes toh...

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Veröffentlicht in:	Environmental & resource economics 2000-12, Vol.17 (4), p.375-394
Hauptverfasser:	Rassenti, Stephen, Howitt, Richard E, Murphy, James J, Smith, Vernon L, Dinar, Ariel
Format:	Artikel
Sprache:	eng
Schlagworte:	Arid zones Auctions Bids Design Drought Economic theory Economics Environmental economics Experiments Laboratories laboratory experiments Market mechanism design Natural resources Optimization Prices Resource management Studies Supply & demand Sustainable development USA, California Water markets Water resources Water shortages Water transfer Water treatment Water utilities
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