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European water policy, as set out in the Water Framework Directive (WFD), requires all EU Member States to implement volumetric water pricing at rates that roughly cover the total costs of providing water services. The objective of this paper is to develop a methodology that, for the different farm-types in an irrigable area, will enable us to analyse the(More)
In modelling farm systems it is widely accepted that risk plays a central role. Furthermore, farmers' risk aversion determines their decisions in both the short and the long run. This paper presents a methodology based on multiple criteria mathematical programming to obtain relative and absolute risk aversion coefficients. We rely on multiattribute utility(More)
This chapter deals with a comparative analysis of alternative methods of constructing composite indicators to measure the global sustainability of the agricultural sector. The comparison is implemented empirically on the irrigated agriculture of the Duero basin in Spain as a case study. For this purpose, the study employs a dataset of indicators previously(More)
Law 46/1999 incorporated formal water markets into the Spanish legal and regulatory framework, allowing spot water markets and the creation of water banks. The implementation of water markets in Spain aimed at improving the efficiency of water use by reallocating water towards uses with higher added value. However, the performance of water markets in Spain(More)
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