Water right transactions: market values and price dispersion

Bonnie G Colby, K. Crandall, D. B. Bush

Research output: Chapter in Book/Report/Conference proceedingChapter

59 Citations (Scopus)

Abstract

The growing interest in water market transactions among policymakers and water users has created a need for understanding market price behavior and the heterogeneous nature of water rights. This article analyzes characteristics of markets, water rights, and water transactions to identify attributes which affect market values and price dispersion within regional markets. Based on econometric analysis of market data, water commodity and transaction characteristics are shown to be significantly related to market prices. Price dispersion that is unexplained by commodity attributes is related to characteristics of the regional market, including the number and size distribution of potential traders, costs of obtaining market information, and heterogeneity of water commodities traded. -Authors

Original languageEnglish (US)
Title of host publicationWater Resources Research
Pages1565-1572
Number of pages8
Volume29
Edition6
StatePublished - 1993
Externally publishedYes

Fingerprint

market
commodity
water
price
econometrics
cost
rights
attribute
market price

ASJC Scopus subject areas

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)

Cite this

Colby, B. G., Crandall, K., & Bush, D. B. (1993). Water right transactions: market values and price dispersion. In Water Resources Research (6 ed., Vol. 29, pp. 1565-1572)

Water right transactions : market values and price dispersion. / Colby, Bonnie G; Crandall, K.; Bush, D. B.

Water Resources Research. Vol. 29 6. ed. 1993. p. 1565-1572.

Research output: Chapter in Book/Report/Conference proceedingChapter

Colby, BG, Crandall, K & Bush, DB 1993, Water right transactions: market values and price dispersion. in Water Resources Research. 6 edn, vol. 29, pp. 1565-1572.
Colby BG, Crandall K, Bush DB. Water right transactions: market values and price dispersion. In Water Resources Research. 6 ed. Vol. 29. 1993. p. 1565-1572
Colby, Bonnie G ; Crandall, K. ; Bush, D. B. / Water right transactions : market values and price dispersion. Water Resources Research. Vol. 29 6. ed. 1993. pp. 1565-1572
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