The Impacts of Arable Land per Farmer on Water Markets in China
Water trading markets have been introduced in many countries as a means to alleviate water scarcity. However, the performance of water markets varies greatly across different countries, and in only very few countries do they work well. In this study, a two-sector water rights trading model is develo...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-12-01
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| Series: | Water |
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| Online Access: | https://www.mdpi.com/2073-4441/12/12/3433 |
| _version_ | 1797545428222214144 |
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| author | Yahua Wang Maosen Xu Tingju Zhu |
| author_facet | Yahua Wang Maosen Xu Tingju Zhu |
| author_sort | Yahua Wang |
| collection | DOAJ |
| description | Water trading markets have been introduced in many countries as a means to alleviate water scarcity. However, the performance of water markets varies greatly across different countries, and in only very few countries do they work well. In this study, a two-sector water rights trading model is developed and applied to a case study in China. The results suggest that arable land per farmer is a key factor that affects the performance of water markets in China. This is positively correlated with traded water volume, with the market’s economic efficiency, and with the social welfare the market brings. Although the model simulation ignores other factors, this problem can be solved by selecting a suitable research area. These findings suggest that water markets may be less likely to be effective in countries with small arable land per farmer. |
| first_indexed | 2024-03-10T14:16:14Z |
| format | Article |
| id | doaj.art-19aec25287bb4e5cba1e33bf12073811 |
| institution | Directory Open Access Journal |
| issn | 2073-4441 |
| language | English |
| last_indexed | 2024-03-10T14:16:14Z |
| publishDate | 2020-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Water |
| spelling | doaj.art-19aec25287bb4e5cba1e33bf120738112023-11-20T23:46:14ZengMDPI AGWater2073-44412020-12-011212343310.3390/w12123433The Impacts of Arable Land per Farmer on Water Markets in ChinaYahua Wang0Maosen Xu1Tingju Zhu2School of Public Policy and Management & China Institute for Rural Studies, Tsinghua University, Beijing 100084, ChinaSchool of Public Policy and Management & China Institute for Rural Studies, Tsinghua University, Beijing 100084, ChinaZJU-UIUC Institute, International Campus, Zhejiang University, Haining 314400, ChinaWater trading markets have been introduced in many countries as a means to alleviate water scarcity. However, the performance of water markets varies greatly across different countries, and in only very few countries do they work well. In this study, a two-sector water rights trading model is developed and applied to a case study in China. The results suggest that arable land per farmer is a key factor that affects the performance of water markets in China. This is positively correlated with traded water volume, with the market’s economic efficiency, and with the social welfare the market brings. Although the model simulation ignores other factors, this problem can be solved by selecting a suitable research area. These findings suggest that water markets may be less likely to be effective in countries with small arable land per farmer.https://www.mdpi.com/2073-4441/12/12/3433water rights trading modelwater market performancetransaction costarable land per farmer |
| spellingShingle | Yahua Wang Maosen Xu Tingju Zhu The Impacts of Arable Land per Farmer on Water Markets in China Water water rights trading model water market performance transaction cost arable land per farmer |
| title | The Impacts of Arable Land per Farmer on Water Markets in China |
| title_full | The Impacts of Arable Land per Farmer on Water Markets in China |
| title_fullStr | The Impacts of Arable Land per Farmer on Water Markets in China |
| title_full_unstemmed | The Impacts of Arable Land per Farmer on Water Markets in China |
| title_short | The Impacts of Arable Land per Farmer on Water Markets in China |
| title_sort | impacts of arable land per farmer on water markets in china |
| topic | water rights trading model water market performance transaction cost arable land per farmer |
| url | https://www.mdpi.com/2073-4441/12/12/3433 |
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