Understanding water rights and water trading systems in China: A systematic framework

2021 ◽  
Vol 13 ◽  
pp. 100094
Author(s):  
Hang Zheng ◽  
Yueyi Liu ◽  
Jianshi Zhao
Keyword(s):  
Water Rights ◽  
Trading Systems ◽  
Water Trading ◽  
Systematic Framework

scholarly journals Price Evaluation and Allocation of Water under Alternative Water Rights System - Part II

1995 ◽  
Author(s):  
David Zilberman ◽  
Eithan Hochman
Keyword(s):  
Resource Allocation ◽  
Water Rights ◽  
The Political ◽  
Water Trading ◽  
Efficient Resource ◽  
System Part ◽  
Alternative Water ◽  
Political Economic ◽  
Block Pricing ◽  
Water Reform

This project is a continuation of US 2081-91. Together they develop a conceptual and empirical framework to analyze alternative forms of water reform that lead to efficient pricing of water. Our analysis demonstrates that the transition from water rights systems to water trading may lead to improved resource allocation even when overall availability of water resources declines. We introduce two systems of water trading, passive markets and active markets, and show that passive markets lead to efficient resource allocation with lower transaction costs. We demonstrate that both methods of trading are superior to block pricing. We identify the political economic situations that would lead to each type of water resource allocation. Examples from Israel and California are used to demonstrate the conceptual results.  

scholarly journals Water Trading: Locational Water Rights, Economic Efficiency, and Third-Party Effect

Water ◽  
2014 ◽  
Vol 6 (3) ◽  
pp. 723-744 ◽  
Author(s):  
Ming-Feng Hung ◽  
Daigee Shaw ◽  
Bin-Tzong Chie
Keyword(s):  
Economic Efficiency ◽  
Water Rights ◽  
Third Party ◽  
Water Trading

Effects of Water Trading on Main Crops in Beibei District, Chongqing

2013 ◽  
Vol 409-410 ◽  
pp. 119-122
Author(s):  
Wei Hua Zhang ◽  
Jun Ying Jin ◽  
Ya Xin Han
Keyword(s):  
Game Theory ◽  
Water Resources ◽  
Free Market ◽  
Water Rights ◽  
Theory Method ◽  
Efficient Allocation ◽  
Water Users ◽  
Water Trading ◽  
Trading Market ◽  
Allocation Method

Water trading is an effective method for efficient allocation of water resources, so it is essential to assess the potential impacts of water trading before the establishment of water rights trading market. The improved water rights allocation method may low down the uncertainty, although there is lots of uncertainty in the water trading for agriculture. This study compared the effects of two-part deployment method on economic profits of main crops by Game Theory method. The results show that water trading may optimally allocate water resources, moreover, the total free market could increase economic profits as far as possible; the more water users participating in water trading, the more profits the water trading can bring.

scholarly journals Price Evaluation and Allocation of Water under Alternative Water Rights Systems

1992 ◽  
Author(s):  
David Zilberman ◽  
Eithan Hochman
Keyword(s):  
Water Management ◽  
Political Economy ◽  
Transaction Costs ◽  
Water Allocation ◽  
Water Rights ◽  
Water Trading ◽  
Water Conveyance ◽  
Use Efficiency ◽  
Alternative Water ◽  
Modern Technologies

This project developed conceptual and empirical frameworks to analyze the water management politics as water scarcity increases. The analyses showed that increased scarcity will tend to encourage a transition from systems in which water is allocated administratively to water trading. However, transaction costs and political economy considerations placed barriers on the introduction of markets. The recent droughts - both in Israel and California were shown to cause an increase in water use efficiency by adoption of modern technologies and improvement of water conveyance systems. The drought led to institutional innovations and an increased reliance on trading as mechanisms for water allocation. Case studies from both countries demonstrate that reducing barriers to water trading and increasing farmers' flexibility in exchange of water will lead to efficient outcomes and much better uses of existing water resources.

scholarly journals Is water trading policy an effective solution for water allocation in Voshmgir dam?

Water Policy ◽  
2017 ◽  
Vol 19 (6) ◽  
pp. 1119-1142 ◽  
Author(s):  
Parinaz Jansouz ◽  
Javad Shahraki ◽  
Mohammad Abdolhosseini
Keyword(s):  
Water Allocation ◽  
Probability Distributions ◽  
Water Volume ◽  
Water Deficiency ◽  
Programming Technique ◽  
Trading Systems ◽  
Water Trading ◽  
Irrigated Area ◽  
Trading Policy

Abstract The aim of this study is to assess the effectiveness of water trading policy as a solution for optimal use of water between farmers in Voshmgir dam, Iran. For assessment, four villages were selected and two water allocation programs under non-trading and trading systems were designed by two-stage stochastic programming technique and uncertainties expressed as intervals and probability distributions. The results obtained from the two programs were compared based on water volume which is released through trading and decrease in water deficiency as effectiveness indices. The results show that the water allocation under trading policy has changed so that it has led to released water and decrease in water deficiency by keeping the agricultural profit under non-trading, but irrigated area is decreased under trading. Generally, trading policy can lead to more effective allocation from the view of released water and decrease in water deficiency, but it can remove some farmers from agricultural activities by decreasing the irrigated area. As a result, trading policy can be effective in the short term especially in drought conditions due to insufficient water supply and can be unnecessary in normal and wet years in this case study.

scholarly journals Stakeholders’ Responses to the Use of Innovative Water Trading Systems in East Anglia, England

2014 ◽  
Vol 28 (9) ◽  
pp. 2677-2694 ◽  
Author(s):  
D. M. Lumbroso ◽  
C. Twigger-Ross ◽  
J. Raffensperger ◽  
J. J. Harou ◽  
M. Silcock ◽  
...  
Keyword(s):  
East Anglia ◽  
Trading Systems ◽  
Water Trading

Scoring divergent thinking tests: A review and systematic framework.

2019 ◽  
Vol 13 (2) ◽  
pp. 144-152 ◽  
Author(s):  
Roni Reiter-Palmon ◽  
Boris Forthmann ◽  
Baptiste Barbot
Keyword(s):  
Divergent Thinking ◽  
Systematic Framework

The Relationship between Priority and Value of Irrigation Water Used with Prior Appropriation Water Rights

2020 ◽  
Vol 96 (3) ◽  
pp. 384-398 ◽  
Author(s):  
Gi-Eu Lee ◽  
Kimberly Rollins ◽  
Loretta Singletary
Keyword(s):  
Irrigation Water ◽  
Water Rights ◽  
Value Of Irrigation Water ◽  
The Relationship

The profitability of algorithmic trading systems based on football sentiment

2020 ◽  
Vol 42 (1) ◽  
pp. 33-46
Author(s):  
Raúl Gómez-Martínez ◽  
Camila Marqués-Bogliani ◽  
Jessica Paule-Vianez
Keyword(s):  
Financial Markets ◽  
Investment Decisions ◽  
Futures Market ◽  
Algorithmic Trading ◽  
Investment Strategies ◽  
Measurable Effect ◽  
Behavioural Finance ◽  
Trading Systems ◽  
European Football

Behavioural finance has shown that investment decisions are the result of not just rational but also emotional brain processes. On the assumption that emotions affect financial markets, it would seem likely that football results might have a measurable effect on financial markets. To test this, this study describes three algorithmic trading systems based exclusively on the results of three top European football teams (Juventus, Bayern München and Paris St Germain) opening long or short positions in the next market season of the futures market of the index of each country (MIB (Milano Italia Borsa), DAX (Deutscher Aktien Index) and CAC (Cotation Assistée en Continu). Depending on the outcome of the last game played a long position was taken after a victory and a short position after a draw or defeat. The results showed that the algorithmic systems were profitable in the case of Juventus and Bayern whereas in the case of PSG, the system was profitable, but in an inverse way. This study shows that investment strategies that take account of sports sentiment could have a profitable outcome.

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