Corpus ID: 55277918

Economic organization and the structure of water transactions

@article{Emerick2015EconomicOA,
  title={Economic organization and the structure of water transactions},
  author={K. Emerick and D. Lueck},
  journal={Journal of Agricultural and Resource Economics},
  year={2015},
  volume={40},
  pages={347-364}
}
  • K. Emerick, D. Lueck
  • Published 2015
  • Economics
  • Journal of Agricultural and Resource Economics
  • This paper analyzes the structure of water transactions using data on contract duration from California. Water rights in the western United States are transferred through short-term and longterm leases as well as permanent ownership contracts. We test predictions about the type of water contracts derived from the literature on economic organization by using ordered probit models to investigate the correlates of contract duration.We confirm that long-term and permanent contracts are more likely… CONTINUE READING
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