| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26268 |
| 来源ID | Working Paper 26268 |
| Do Environmental Markets Improve on Open Access? Evidence from California Groundwater Rights | |
| Andrew B. Ayres; Kyle C. Meng; Andrew J. Plantinga | |
| 发表日期 | 2019-09-16 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Environmental markets are widely prescribed as an alternative to open-access regimes for natural resources. We develop a model of dynamic groundwater extraction to demonstrate how a spatial regression discontinuity design that exploits a spatially-incomplete market for groundwater rights recovers a lower bound on the market’s net benefit. We apply this estimator to a major aquifer in water-scarce southern California and find that a groundwater market generated substantial net benefits, as capitalized in land values. Heterogeneity analyses point to gains arising in part from rights trading, enabling more efficient water use across sectors. Additional findings suggest the market increased groundwater levels. |
| 主题 | Microeconomics ; Households and Firms ; Other ; Economic Systems ; Environmental and Resource Economics ; Agriculture ; Renewable Resources |
| URL | https://www.nber.org/papers/w26268 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583941 |
| 推荐引用方式 GB/T 7714 | Andrew B. Ayres,Kyle C. Meng,Andrew J. Plantinga. Do Environmental Markets Improve on Open Access? Evidence from California Groundwater Rights. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26268.pdf（1708KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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