|Author:||Arriaza, M. ; Gómez-Limón, J. A. ; Upton, M.|
|Book Group Author:||NA|
This paper presents a forecast of the behaviour of farmers facing a local water market in El Bajo Guadalquiver, southern Spain, using a multicriteria model to simulate the farmers' decision making process. The local water trade and the economic and social impact of the local water markets with regard to farm incomes and levels of employment are discussed. Results indicate that multi-attribute utility functions are useful in simulating farmers' responses to policy changes; the transfer of water from large to small farms is implied; small and medium farmers would benefit most from a water market with regard to increasing their gross margins; and the social impact was limited in terms of farm employment.
|Pages:||21 - 43|
|Journal:||Australian Journal of Agricultural and Resource Economics|
decision making, economic behaviour, economic impact,farmers' attitudes, forecasts, irrigation, irrigation water, marketeconomics, markets, simulation models, social impact, water management,water policy, water resources, Spain, Southern Europe, Europe,Mediterranean Region, Developed Countries, European Union Countries,OECD Countries, choice, economic behavior, economics of marketing, waterresource management, watering, Agricultural Economics (EE110), NaturalResource Economics (EE115) (New March 2000), Policy and Planning(EE120), Soil Water Management (Irrigation and Drainage) (JJ800)(Revised June 2002) [formerly Soil Water Management], Water Resources(PP200), Social Psychology and Social Anthropology (UU485) (New March2000)