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Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers

In: Using Experimental Methods in Environmental and Resource Economics

Author

Listed:
  • James J. Murphy
  • Ariel Dinar
  • Richard E. Howitt
  • Erin Mastrangelo
  • Stephen J. Rassenti
  • Vernon L. Smith
Abstract
This book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field. The book begins by focusing on improving benefit–cost analysis, which remains the hallmark of public policy decision-making around the globe. The contributors provide innovative avenues to credibly lead to more efficient policies. T

Suggested Citation

  • James J. Murphy & Ariel Dinar & Richard E. Howitt & Erin Mastrangelo & Stephen J. Rassenti & Vernon L. Smith, 2006. "Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers," Chapters, in: John A. List (ed.), Using Experimental Methods in Environmental and Resource Economics, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:4180_5
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    References listed on IDEAS

    as
    1. Murphy, James J. & Dinar, Ariel & Howitt, Richard E. & Rassenti, Stephen J. & Smith, Vernon L. & Weinberg, Marca, 2004. "Incorporating Instream Flow Values Into A Water Market," Working Paper Series 14525, University of Massachusetts, Amherst, Department of Resource Economics.
    2. McCabe, Kevin A & Rassenti, Stephen J & Smith, Vernon L, 1990. "Auction Institutional Design: Theory and Behavior of Simultaneous Multiple-Unit Generalizations of the Dutch and English Auctions," American Economic Review, American Economic Association, vol. 80(5), pages 1276-1283, December.
    3. James Murphy & Ariel Dinar & Richard Howitt & Steven Rassenti & Vernon Smith, 2000. "The Design of ``Smart'' Water Market Institutions Using Laboratory Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(4), pages 375-394, December.
    4. Ashenfelter, Orley, et al, 1992. "An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems," Econometrica, Econometric Society, vol. 60(6), pages 1407-1433, November.
    5. McCabe, Kevin A. & Rassenti, Stephen J. & Smith, Vernon L., 1990. "Auction design for composite goods : The natural gas industry," Journal of Economic Behavior & Organization, Elsevier, vol. 14(1), pages 127-149, September.
    6. McCabe, Kevin A. & Rassenti, Stephen J. & Smith, Vernon L., 1989. "Designing `smart' computer-assisted markets : An experimental auction for gas networks," European Journal of Political Economy, Elsevier, vol. 5(2-3), pages 259-283.
    7. Marie Leigh Livingston & Thomas A. Miller, 1986. "A Framework for Analyzing the Impact of Western Instream Water Rights on Choice Domains: Transferability, Externalities, and Consumptive Use," Land Economics, University of Wisconsin Press, vol. 62(3), pages 269-277.
    8. Bloom, David E, 1986. "Empirical Models of Arbitrator Behavior under Conventional Arbitration," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 578-585, November.
    9. Henry S. Farber & Max H. Bazerman, 1987. "Divergent Expectations as a Cause of Disagreement in Bargaining: Evidence from a Comparison of Arbitration Schemes."," NBER Working Papers 2139, National Bureau of Economic Research, Inc.
    10. Farber, Henry S & Bazerman, Max H, 1987. "Why Is There Disagreement in Bargaining?," American Economic Review, American Economic Association, vol. 77(2), pages 347-352, May.
    11. Anderson, Terry L & Johnson, Ronald N, 1986. "The Problem of Instream Flows," Economic Inquiry, Western Economic Association International, vol. 24(4), pages 535-554, October.
    12. Henry S. Farber & Max H. Bazerman, 1989. "Divergent Expectations as a Cause of Disagreement in Bargaining: Evidence from a Comparison of Arbitration Schemes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 104(1), pages 99-120.
    13. Ronald C. Griffin & Shih-Hsun Hsu, 1993. "The Potential for Water Market Efficiency When Instream Flows Have Value," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 292-303.
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    Cited by:

    1. Kristiana Hansen & Jonathan Kaplan & Stephan Kroll, 2014. "Valuing Options in Water Markets: A Laboratory Investigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(1), pages 59-80, January.
    2. Raffensperger, John F., 2011. "Matching users' rights to available groundwater," Ecological Economics, Elsevier, vol. 70(6), pages 1041-1050, April.
    3. Anderson, Christopher M. & Sutinen, Jon G., 2006. "The effect of initial lease periods on price discovery in laboratory tradable fishing allowance markets," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 164-180, October.
    4. Siwa Msangi & Richard E. Howitt, 2007. "Income distributional effects of using market‐based instruments for managing common property resources," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 249-259, December.
    5. Hanak, Ellen, 2003. "Stopping The Drain: Third-Party Resistance To Water Marketing In California," 2003 Annual meeting, July 27-30, Montreal, Canada 22099, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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