How Well Do U.S. Western Water Markets Convey Economic Information?

An efficient market implies that potential gains from trade are fully captured. Achieving this requires a well-functioning market where prices reflect all available information. In the case of water rights markets, this implies that the permanent water rights transfer price reflects the sum of disco...

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Veröffentlicht in:	Land economics 2021-02, Vol.97 (1), p.1-16
Hauptverfasser:	Rimsaite, Renata, Fisher-Vanden, Karen, Olmstead, Sheila, Grogan, Danielle S
Format:	Artikel
Sprache:	eng
Schlagworte:	asset pricing model ENERGY PLANNING, POLICY, AND ECONOMY water leases water markets water transfers
Online-Zugang:	Volltext
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