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Drilling In The Drought: The Industrial Organization Of Groundwater, Ujjayant N. Chakravorty, E. Somanathan
Drilling In The Drought: The Industrial Organization Of Groundwater, Ujjayant N. Chakravorty, E. Somanathan
Ujjayant Chakravorty
China and India together produce about half the world's rice and a third of the world's wheat, but production in both countries is heavily dependent on depleting groundwater resources. A large proportion of farmers buy and sell groundwater - the trading facilitated by small farm sizes and fragments land holdings. The economics of groundwater, when farm sizes are small, is little understood. This paper develops a simple, spatial model of the industrial organization of groundwater markets appropriate for smallholder agriculture. We show that if water is abundant, then equilibrium with free entry results in Bertrand competition, with water sellers charging …
Pleasure Policies: Debating Development Plans In Southern California's Wine Country, Kevin Yelvington, Laurel Dillon-Sumner, Jason Simms
Pleasure Policies: Debating Development Plans In Southern California's Wine Country, Kevin Yelvington, Laurel Dillon-Sumner, Jason Simms
Jason L Simms
On 11 March 2014, the Board of Supervisors of Riverside County in southern California, USA, voted to approve the Wine Country Community Plan, culminating a nearly six-year policy and planning process that would pave the way for the expansion of the Temecula Valley’s wineries and wine tourism complex. The exercise in state-led development was a triumph for the plan’s major proponents, but this does not mean that the Plan was accepted by all elements of the community nor does it mean that the approval process was a smooth and orderly one. This article takes as its frame of reference an …
Effects Of Export Restrictions On Domestic Market Efficiency: The Case Of India’S Rice And Wheat Export Ban, Kathy Baylis, Maria Christina Jolejole-Foreman, Mindy Mallory
Effects Of Export Restrictions On Domestic Market Efficiency: The Case Of India’S Rice And Wheat Export Ban, Kathy Baylis, Maria Christina Jolejole-Foreman, Mindy Mallory
Kathy Baylis
The use of export restrictions has substantially increased in recent years. While a number of papers show how these restrictions have increased world commodity prices, in this paper, we empirically estimate how one country’s export restrictions affected the efficiency of their domestic market. We use a threshold cointegration model to estimate the integration between selected wheat and rice markets in India before and during the export bans and test whether those bans exacerbated the price effects of domestic production shocks. We find that before the ban, the majority of port markets for rice and wheat are integrated with the world …