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Agriculture is highly impacted by different sources of risk. There is a wide variety of management instruments that farmers can use to cover these risks. The objective of this article is to analyze the explanatory variables for the simultaneous adoption of a large set of risk management instruments. The main innovation is the methodological approach: first, we apply a hierarchical cluster analysis to identify the groups of instruments whose adoption is correlated; second, we use multivariate probit (MVP) models to analyze the influence of different factors on the simultaneous adoption of the instruments included in each cluster. The explanatory variables capture farmers’ socio-demographic features, risk aversion and subjective perception of past risk experience; farms’ technical-economic characteristics; and local-level climate change. The results reveal significant differences in the variables influencing the adoption of the risk management instruments. The findings can support farmers, risk management service providers, and policymakers.
Sandra M. Sánchez-Cañizares; M. Dolores Guerrero-Baena; José A. Gómez-Limón. Factors influencing the simultaneous adoption of risk management instruments in Mediterranean irrigated agriculture. Journal of Environmental Planning and Management 2021, 1 -22.
AMA StyleSandra M. Sánchez-Cañizares, M. Dolores Guerrero-Baena, José A. Gómez-Limón. Factors influencing the simultaneous adoption of risk management instruments in Mediterranean irrigated agriculture. Journal of Environmental Planning and Management. 2021; ():1-22.
Chicago/Turabian StyleSandra M. Sánchez-Cañizares; M. Dolores Guerrero-Baena; José A. Gómez-Limón. 2021. "Factors influencing the simultaneous adoption of risk management instruments in Mediterranean irrigated agriculture." Journal of Environmental Planning and Management , no. : 1-22.
Los objetivos principales de este trabajo son dos: en primer lugar, identificar los distintos modelos empresariales que existen en el sector del aceite de oliva en España y, en segundo lugar, realizar un diagnóstico del desempeño económico-financiero de cada uno de los modelos empresariales identificados. Los métodos empleados para conseguir los objetivos propuestos incluyen el análisis factorial, el análisis clúster y el análisis económico-financiero mediante el empleo de ratios. Los resultados del trabajo demuestran que en España existen cinco grandes patrones empresariales: i) grandes empresas orientadas a la exportación de aceite de oliva; ii) empresas de reducida dimensión exportadoras no sólo de aceite de oliva, sino también de otros productos complementarios; iii) almazaras de tipo mercantil que operan principalmente en el mercado nacional; iv) almazaras cooperativas orientadas al mercado nacional; y v) sociedades mercantiles cuya actividad principal es la distribución de aceite de oliva. De estos cincos patrones empresariales identificados, el más rentable y solvente corresponde al conformado por las sociedades mercantiles distribuidoras, mientras que el modelo de las grandes empresas exportadoras presenta graves problemas de viabilidad futura.
Patricia Sepúlveda Orejuela; María Dolores Guerrero-Baena; José A. Gómez-Limón. Desempeño económico-financiero de los distintos modelos empresariales en el sector del aceite de oliva en España. Revista de Estudios Empresariales. Segunda Época 2020, 227 -248.
AMA StylePatricia Sepúlveda Orejuela, María Dolores Guerrero-Baena, José A. Gómez-Limón. Desempeño económico-financiero de los distintos modelos empresariales en el sector del aceite de oliva en España. Revista de Estudios Empresariales. Segunda Época. 2020; (1):227-248.
Chicago/Turabian StylePatricia Sepúlveda Orejuela; María Dolores Guerrero-Baena; José A. Gómez-Limón. 2020. "Desempeño económico-financiero de los distintos modelos empresariales en el sector del aceite de oliva en España." Revista de Estudios Empresariales. Segunda Época , no. 1: 227-248.
Water is becoming an increasingly scarce resource worldwide, suggesting that water rationing methods should be revised to improve water allocation efficiency, especially during cyclical scarcity events (droughts). The proportional rule is the most widely used rationing method to allocate water in cases of water scarcity. However, this method fails to achieve Pareto-efficient allocation arrangements. Economic theory and international experience demonstrate that implementing security-differentiated water rights could improve allocative efficiency during cyclical scarcity periods. Moreover, it has been proven that this kind of priority rights regime is an efficient instrument to share risks related to water supply reliability, and can thus be considered as an adaptation measure to climate change. This evidence has enabled the development of an operational proposal for the implementation of security-differentiated water rights in the irrigation sector in Spain, as an alternative to the current rights based on the proportional rule. This proposal draws on the Australian case study, which is the most successful experience worldwide. Nevertheless, the insights obtained from the analysis performed and the proposal for reforming the water rights regime are applicable to any country with a mature water economy.
José A. Gómez-Limón; Carlos Gutiérrez-Martín; Nazaret M. Montilla-López. Agricultural Water Allocation Under Cyclical Scarcity: The Role of Priority Water Rights. Water 2020, 12, 1835 .
AMA StyleJosé A. Gómez-Limón, Carlos Gutiérrez-Martín, Nazaret M. Montilla-López. Agricultural Water Allocation Under Cyclical Scarcity: The Role of Priority Water Rights. Water. 2020; 12 (6):1835.
Chicago/Turabian StyleJosé A. Gómez-Limón; Carlos Gutiérrez-Martín; Nazaret M. Montilla-López. 2020. "Agricultural Water Allocation Under Cyclical Scarcity: The Role of Priority Water Rights." Water 12, no. 6: 1835.
In Mediterranean-climate regions, irrigated agriculture is especially vulnerable to the risk of hydrological drought, and irrigators are particularly concerned about the negative effects of water supply failures. This paper proposes a new index-based drought insurance scheme to cover the risk of water supply failures in irrigated agriculture that overcomes the problems currently hindering the development of this kind of insurance, especially those related to arbitrariness in annual water allotments decision-making. Although the proposal is tailored to Spain, it can be easily adapted to other countries or regions because its main features can also be implemented worldwide. The scheme proposed is a promising instrument to help irrigators manage the risk related to hydrological droughts since it has been proved to be technically feasible. The main contribution of this paper is the innovative actuarial analysis implemented, which is aimed at calculating fair premiums. Considering that recent changes in the institutional framework (new demands, new storage capacity, and revised basin and drought management plans) make historical records unsuitable for this purpose, the actuarial analysis applied is based on a stochastic hydrological model able to simulate future hydrological situations under updated settings. Simulation results have shown that irrigated agriculture in southern Spain is expected to be more vulnerable to hydrological droughts. In fact, incidence rates are likely to increase because of the new institutional framework, leading to relatively high fair premiums. Only by implementing high ordinary deductibles can the hypothetical cost of commercial premiums be affordable for irrigators, accounting for less than 10% of their current variable costs.
José A. Gómez-Limón. Hydrological drought insurance for irrigated agriculture in southern Spain. Agricultural Water Management 2020, 240, 106271 .
AMA StyleJosé A. Gómez-Limón. Hydrological drought insurance for irrigated agriculture in southern Spain. Agricultural Water Management. 2020; 240 ():106271.
Chicago/Turabian StyleJosé A. Gómez-Limón. 2020. "Hydrological drought insurance for irrigated agriculture in southern Spain." Agricultural Water Management 240, no. : 106271.
Water is a natural resource that performs different functions in development processes (satisfaction of population’s basic needs, key element for ecosystems and landscapes, input in different economic activities, etc.). Taking into account this relevance and its features as an economic good, public authorities have carried out an important role as regulators. The last milestone in this path has been the approval of the Water Framework Directive. One of the most innovative points of this European rule is the use of economic analysis for the optimisation of different water uses. However, the development of the works done for the design of the new water management plans has shown several shortcomings regarding the economic analysis of water uses, the analysis of costs recovery for water services and the selection of meassures to reach these objectives. In this sense it is necessary to strength the nexus between the policy- making and academic spheres in order to support a more rigorous and effective use of the large scientific knowledge developed in this field.
José A. Gómez-Limón; Julia Martin-Ortega. Agua, economía y territorio: nuevos enfoques de la Directiva Marco del Agua para la gestión del recurso. Studies of Applied Economics 2020, 29, 65 -94.
AMA StyleJosé A. Gómez-Limón, Julia Martin-Ortega. Agua, economía y territorio: nuevos enfoques de la Directiva Marco del Agua para la gestión del recurso. Studies of Applied Economics. 2020; 29 (1):65-94.
Chicago/Turabian StyleJosé A. Gómez-Limón; Julia Martin-Ortega. 2020. "Agua, economía y territorio: nuevos enfoques de la Directiva Marco del Agua para la gestión del recurso." Studies of Applied Economics 29, no. 1: 65-94.
This paper analyses the efficiency of a possible agri-environmental scheme aimed at promoting the partial or complete abandonment of the agricultural production in mountain olive groves in Andalusia in order to enhance the provision of environmental public goods (biodiversity and soil functionality). The results obtained show that this scheme would generate positive net social gains (public benefits greater than social costs) only if the scheme is focused on low-yield olive farms and includes low to moderate payments (125 and 500 €/ha·year for partial and total abandonment, respectively).
Rubén Granado-Díaz; Anastasio J. Villanueva; José A. Gómez-Limón. ¿Resultaría económicamente eficiente un programa de reconversión ecológica para el olivar de montaña andaluz? Economía Agraria y Recursos Naturales 2020, 20, 103 -129.
AMA StyleRubén Granado-Díaz, Anastasio J. Villanueva, José A. Gómez-Limón. ¿Resultaría económicamente eficiente un programa de reconversión ecológica para el olivar de montaña andaluz? Economía Agraria y Recursos Naturales. 2020; 20 (1):103-129.
Chicago/Turabian StyleRubén Granado-Díaz; Anastasio J. Villanueva; José A. Gómez-Limón. 2020. "¿Resultaría económicamente eficiente un programa de reconversión ecológica para el olivar de montaña andaluz?" Economía Agraria y Recursos Naturales 20, no. 1: 103-129.
Environmental sustainability in agriculture can be measured through the construction of composite indicators. However, this is a challenging task because these indexes are heavily dependent on how the individual base indicators are weighted. The main aim of this paper is to contribute to the existing literature regarding the robustness of subjective (based on experts’ opinions) weighting methods when constructing a composite indicator for measuring environmental sustainability at the farm level. In particular, the study analyzes two multi-criteria techniques, the analytic hierarchy process and the recently developed best-worst method, as well as the more straightforward point allocation method. These alternative methods have been implemented to empirically assess the environmental performance of irrigated olive farms in Spain. Data for this case study were collected from a panel of 22 experts and a survey of 99 farms. The results obtained suggest that there are no statistically significant differences in the weights of the individual base indicators derived from the three weighting methods considered. Moreover, the ranking of the sampled farms, in terms of their level of environmental sustainability measured through the composite indicators proposed, is not dependent on the use of the different weighting methods. Thus, the results support the robustness of the three weighting methods considered.
José Gómez-Limón; Manuel Arriaza; M. Guerrero-Baena. Building a Composite Indicator to Measure Environmental Sustainability Using Alternative Weighting Methods. Sustainability 2020, 12, 4398 .
AMA StyleJosé Gómez-Limón, Manuel Arriaza, M. Guerrero-Baena. Building a Composite Indicator to Measure Environmental Sustainability Using Alternative Weighting Methods. Sustainability. 2020; 12 (11):4398.
Chicago/Turabian StyleJosé Gómez-Limón; Manuel Arriaza; M. Guerrero-Baena. 2020. "Building a Composite Indicator to Measure Environmental Sustainability Using Alternative Weighting Methods." Sustainability 12, no. 11: 4398.
Carlos Gutiérrez-Martín; José A. Gómez-Limón; Nazaret M. Montilla-López. Self-financed water bank for resource reallocation to the environment and within the agricultural sector. Ecological Economics 2019, 169, 1 .
AMA StyleCarlos Gutiérrez-Martín, José A. Gómez-Limón, Nazaret M. Montilla-López. Self-financed water bank for resource reallocation to the environment and within the agricultural sector. Ecological Economics. 2019; 169 ():1.
Chicago/Turabian StyleCarlos Gutiérrez-Martín; José A. Gómez-Limón; Nazaret M. Montilla-López. 2019. "Self-financed water bank for resource reallocation to the environment and within the agricultural sector." Ecological Economics 169, no. : 1.
This study focuses on the effects of spatial discounting and substitutes sites on the demand for ecosystem services (ES) provided by scattered agroecosystems. New ways of modelling these two effects are proposed, relying on area-based and density-based indices. Data from discrete choice experiments are used, based on a case study of Andalusian olive groves (southern Spain). The results show that model fit is significantly improved by the introduction of these spatial indices, with the best outcome found for the area-based index combined with the inverse of the distance. Results provide evidence of substantial spatial heterogeneity depending on the ES (carbon sequestration, soil conservation and biodiversity), indicating different economic jurisdictions.
Rubén Granado-Díaz; José A. Gómez-Limón; Macario Rodriguez-Entrena; Anastasio J Villanueva. Spatial analysis of demand for sparsely located ecosystem services using alternative index approaches. European Review of Agricultural Economics 2019, 1 .
AMA StyleRubén Granado-Díaz, José A. Gómez-Limón, Macario Rodriguez-Entrena, Anastasio J Villanueva. Spatial analysis of demand for sparsely located ecosystem services using alternative index approaches. European Review of Agricultural Economics. 2019; ():1.
Chicago/Turabian StyleRubén Granado-Díaz; José A. Gómez-Limón; Macario Rodriguez-Entrena; Anastasio J Villanueva. 2019. "Spatial analysis of demand for sparsely located ecosystem services using alternative index approaches." European Review of Agricultural Economics , no. : 1.
En España, la agricultura de regadío es especialmente vulnerable al riesgo de sequía hidrológica, circunstancia que, en la práctica, conlleva que las dotaciones de agua que reciben los agricultores sean, en ocasiones, insuficientes para atender las necesidades de sus cultivos. Cuando esto ocurre, se produce el denominado fallo de garantía de suministro, que tiene importantes consecuencias negativas sobre la actividad agraria. Al objeto de minimizar los efectos negativos del ‘fallo de garantía de suministro’, en este trabajo se propone un seguro de sequía hidrológica para regadío indexado a la variable ‘stock de agua disponible en los embalses de regulación’, como nuevo instrumento de gestión de este riesgo. Se espera que esta propuesta, una vez transferida a la práctica, pueda contribuir a mejorar la gestión del riesgo de sequía en los sistemas agrarios de regadío, así como a garantizar la sostenibilidad y resiliencia de estos sistemas ante el progresivo impacto del cambio climático
José A. Gómez-Limón; María Dolores Guerrero-Baena. Diseño de un seguro indexado para la cobertura del riesgo de sequía hidrológica en la agricultura de regadío. Agua y Territorio / Water and Landscape 2019, 79 -92.
AMA StyleJosé A. Gómez-Limón, María Dolores Guerrero-Baena. Diseño de un seguro indexado para la cobertura del riesgo de sequía hidrológica en la agricultura de regadío. Agua y Territorio / Water and Landscape. 2019; (13):79-92.
Chicago/Turabian StyleJosé A. Gómez-Limón; María Dolores Guerrero-Baena. 2019. "Diseño de un seguro indexado para la cobertura del riesgo de sequía hidrológica en la agricultura de regadío." Agua y Territorio / Water and Landscape , no. 13: 79-92.
In Mediterranean-climate regions, irrigated agriculture is especially vulnerable to the risk of hydrological drought and irrigators are particularly concerned about its negative effects. During a hydrological drought episode, irrigators receive insufficient water to meet their crops’ water needs, giving rise to the so-called ‘water supply gap’. In such circumstances, agricultural production and irrigators’ incomes are considerably reduced. In order to minimize the negative effects associated with water supply gaps, a new index-based drought insurance scheme for irrigation is proposed, linked to the variable ‘stock of water available in reservoirs’. The proposal, although tailored to Spain, could be easily adapted to other countries or regions because the features of hydrological drought risk are similar worldwide. It is expected that the proposed scheme will improve drought risk management in irrigated agriculture, stabilizing irrigators’ incomes and guaranteeing the sustainability of irrigated agriculture in the face of global change.
M. Dolores Guerrero-Baena; José A. Gómez-Limón. Insuring Water Supply in Irrigated Agriculture: A Proposal for Hydrological Drought Index-Based Insurance in Spain. Water 2019, 11, 686 .
AMA StyleM. Dolores Guerrero-Baena, José A. Gómez-Limón. Insuring Water Supply in Irrigated Agriculture: A Proposal for Hydrological Drought Index-Based Insurance in Spain. Water. 2019; 11 (4):686.
Chicago/Turabian StyleM. Dolores Guerrero-Baena; José A. Gómez-Limón. 2019. "Insuring Water Supply in Irrigated Agriculture: A Proposal for Hydrological Drought Index-Based Insurance in Spain." Water 11, no. 4: 686.
In irrigated agricultural systems, a major source of uncertainty relates to water supply, as it significantly affects farm income. This paper investigates farmers’ utility changes associated with shifts in the probability density function of water supply leading to a higher water supply reliability (higher mean and lower variance in annual water allotments). A choice experiment relying on a mean-variance approach is applied to the case study of an irrigation district of the Guadalquivir River Basin (southern Spain). To our knowledge, this is the first study using parameters of these probability density functions of water supply as choice experiment attributes to value water supply reliability. Results show that there are different types of farmers according to their willingness to pay (WTP) for improvements in water supply reliability, with some willing to pay nothing (47.8%) while others have a relatively low (28.0%) or high (24.2%) WTP. A range of factors influencing farmers’ preferences toward water supply reliability are revealed, with those related to risk exposure to water availability being of special importance. The results can be used to assist the design of more efficient policy instruments to improve water supply reliability in Mediterranean and semi-arid climate regions.
M. Dolores Guerrero-Baena; Anastasio J. Villanueva; José A. Gómez-Limón; Klaus Glenk. Willingness to pay for improved irrigation water supply reliability: An approach based on probability density functions. Agricultural Water Management 2019, 217, 11 -22.
AMA StyleM. Dolores Guerrero-Baena, Anastasio J. Villanueva, José A. Gómez-Limón, Klaus Glenk. Willingness to pay for improved irrigation water supply reliability: An approach based on probability density functions. Agricultural Water Management. 2019; 217 ():11-22.
Chicago/Turabian StyleM. Dolores Guerrero-Baena; Anastasio J. Villanueva; José A. Gómez-Limón; Klaus Glenk. 2019. "Willingness to pay for improved irrigation water supply reliability: An approach based on probability density functions." Agricultural Water Management 217, no. : 11-22.
Classical economic theory relies on the assumption that farmers’ behavior can be modeled by maximizing profits or any utility function with profits as a single attribute. However, farmers’ decision-making processes are actually driven by various typically conflicting criteria, in addition to the expected profit. Therefore, it must be assumed that producers’ behavior is guided by the maximization of a multi-attribute utility function (MAUF) in which all relevant attributes considered for decision-making are condensed. The objective of this paper is to provide more in-depth knowledge about simulating farmers’ behavior by using non-linear MAUFs, developing a new non-interactive method to elicit Cobb-Douglas MAUFs based on farmers’ actual behavior that overcomes some shortcomings of traditional additive MAUFs. Moreover, this approach is compared with two others that are widely used: the profit maximization and additive MAUF approaches. This procedure is implemented for illustrative purposes to analyze the feasible impacts of water pricing in an irrigated district in southern Spain. The results obtained show that simulations using the Cobb-Douglas utility function are more reliable than the alternatives already used in the literature. In this regard, two pieces of evidence justify this assessment: the calibration is more precise, and the resulting water-demand curve is smoother than in the other two alternative simulation approaches considered.
Nazaret M. Montilla-López; Jose A. Gomez-Limon; Carlos Gutiérrez-Martín. Simulating Farmers’ Decision-Making with a Cobb-Douglass MAUF: An Application for an Ex-Ante Policy Analysis of Water Pricing. Multiple Criteria Decision Making 2018, 199 -221.
AMA StyleNazaret M. Montilla-López, Jose A. Gomez-Limon, Carlos Gutiérrez-Martín. Simulating Farmers’ Decision-Making with a Cobb-Douglass MAUF: An Application for an Ex-Ante Policy Analysis of Water Pricing. Multiple Criteria Decision Making. 2018; ():199-221.
Chicago/Turabian StyleNazaret M. Montilla-López; Jose A. Gomez-Limon; Carlos Gutiérrez-Martín. 2018. "Simulating Farmers’ Decision-Making with a Cobb-Douglass MAUF: An Application for an Ex-Ante Policy Analysis of Water Pricing." Multiple Criteria Decision Making , no. : 199-221.
Rubén Granado-Díaz; Anastasio J. Villanueva; Jose A. Gomez-Limon; Macario Rodríguez-Entrena. Análisis de la heterogeneidad de la demanda de bienes públicos procedentes del olivar de montaña en Andalucía. Informacion Tecnica Economica Agraria 2018, 114, 1 .
AMA StyleRubén Granado-Díaz, Anastasio J. Villanueva, Jose A. Gomez-Limon, Macario Rodríguez-Entrena. Análisis de la heterogeneidad de la demanda de bienes públicos procedentes del olivar de montaña en Andalucía. Informacion Tecnica Economica Agraria. 2018; 114 (2):1.
Chicago/Turabian StyleRubén Granado-Díaz; Anastasio J. Villanueva; Jose A. Gomez-Limon; Macario Rodríguez-Entrena. 2018. "Análisis de la heterogeneidad de la demanda de bienes públicos procedentes del olivar de montaña en Andalucía." Informacion Tecnica Economica Agraria 114, no. 2: 1.
Information asymmetry is one of the main obstacles to the effective design and implementation of agri‐environmental schemes (AES). The literature has generally addressed this issue through the use of principal‐agent models (PAM). We develop a PAM to support optimal design of a new AES for improving farmland biodiversity. We use the results of choice experiments to assess both the costs incurred by the agent for the provision of biodiversity and the resulting social benefits. We also make a number of novel contributions such as the inclusion of a non‐linear non‐compliance detection curve, a sensitivity analysis to identify which parameter estimates have a critical impact on PAM results, and analysis of the efficiency of different sanction scenarios. The results suggest that: (i) the second‐best solutions differ significantly from the optimal solutions attainable with perfect information, with farmers being strongly over‐compensated for the extra costs associated with improved biodiversity; (ii) monitoring levels should be higher; (iii) the sanction system should be tougher. Sensitivity analysis shows the need for accurate estimates of the marginal cost of public funds and the costs and benefits associated with the public goods, which represent the key parameters determining PAM results.
José A. Gómez-Limón; Carlos Gutiérrez-Martín; Anastasio J. Villanueva. Optimal Design of Agri-environmental Schemes under Asymmetric Information for Improving Farmland Biodiversity. Journal of Agricultural Economics 2018, 70, 153 -177.
AMA StyleJosé A. Gómez-Limón, Carlos Gutiérrez-Martín, Anastasio J. Villanueva. Optimal Design of Agri-environmental Schemes under Asymmetric Information for Improving Farmland Biodiversity. Journal of Agricultural Economics. 2018; 70 (1):153-177.
Chicago/Turabian StyleJosé A. Gómez-Limón; Carlos Gutiérrez-Martín; Anastasio J. Villanueva. 2018. "Optimal Design of Agri-environmental Schemes under Asymmetric Information for Improving Farmland Biodiversity." Journal of Agricultural Economics 70, no. 1: 153-177.
Attribute nonattendance (ANA) has received very little attention in the context of willingness to accept (WTA), although an increasing number of studies analyze the preferences of ecosystem service providers toward incentive‐based schemes. We add to the understanding of ANA behavior by analyzing stated and inferred ANA in a choice experiment investigating farmers’ WTA for participating in agri‐environmental schemes (AES) in southern Spain. We use mixed logit models, following Hess and Hensher for the inferred ANA approach. Evidence is found of ANA behavior for both stated and inferred approaches, with models accounting for ANA clearly outperforming those that do not account for it; however, we produce no conclusive results as to which ANA approach is best. WTA estimates are only moderately affected, which to some extent is consistent with the low level of non‐attendance found for the monetary attribute. Stated and inferred approaches show very similar WTA estimates. Additionally, we investigate sources of observed heterogeneity related to ANA behavior by using a sequence of bivariate probit models for each attribute. Overall, our results hint at a positive relationship between ease of scheme adoption and nonattendance to attributes. However, further research is still needed in this field.
Macario Rodríguez-Entrena; Anastasio J. Villanueva; Jose A. Gomez-Limon. Unraveling determinants of inferred and stated attribute nonattendance: Effects on farmers’ willingness to accept to join agri-environmental schemes. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 2018, 67, 31 -52.
AMA StyleMacario Rodríguez-Entrena, Anastasio J. Villanueva, Jose A. Gomez-Limon. Unraveling determinants of inferred and stated attribute nonattendance: Effects on farmers’ willingness to accept to join agri-environmental schemes. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie. 2018; 67 (1):31-52.
Chicago/Turabian StyleMacario Rodríguez-Entrena; Anastasio J. Villanueva; Jose A. Gomez-Limon. 2018. "Unraveling determinants of inferred and stated attribute nonattendance: Effects on farmers’ willingness to accept to join agri-environmental schemes." Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 67, no. 1: 31-52.
This paper presents an ex-ante policy analysis of the implementation of a publicly run active water bank operating at the basin level designed to temporarily reallocate water resources between farmers considering different scenarios of reduced water availability (cyclical scarcity due to droughts). For this purpose, the Guadalquivir River Basin, located in southern Spain, is used as a case study. Fifteen representative farm types were considered to simulate water trading through public tender for purchasing and selling temporary water rights. The model is built at the basin level to estimate the aggregate demand and supply curves to establish expected exchange prices, volumes of water traded, enhancement in economic efficiency and improvement in rural development as measured by employment generation. The simulation results show that the proposed water bank encourages water transfers from 19% of the total water used in the case of a moderate drought to almost 40% in the case of an extreme drought, significantly reducing the economic and labor demand losses due to water shortages. The public water agency can recover all of the incurred water bank operation costs by implementing a €0.01/m3 price differential between purchase and sale prices without meaningfully affecting the performance of the water bank. Thus, we conclude that the implementation of this kind of water bank during droughts would be useful in mitigating negative effects of droughts. Thus, policymakers are encouraged to create water banks as an effective instrument to cope with droughts.
Nazaret M. Montilla-López; Jose A. Gomez-Limon; Carlos Gutiérrez-Martín. Sharing a river: Potential performance of a water bank for reallocating irrigation water. Agricultural Water Management 2018, 200, 47 -59.
AMA StyleNazaret M. Montilla-López, Jose A. Gomez-Limon, Carlos Gutiérrez-Martín. Sharing a river: Potential performance of a water bank for reallocating irrigation water. Agricultural Water Management. 2018; 200 ():47-59.
Chicago/Turabian StyleNazaret M. Montilla-López; Jose A. Gomez-Limon; Carlos Gutiérrez-Martín. 2018. "Sharing a river: Potential performance of a water bank for reallocating irrigation water." Agricultural Water Management 200, no. : 47-59.
We carried out an economic valuation of public goods (PGs) provided by Andalusian mountainous olive groves using choice experiments. The results show varying farmers’ behaviour depending on the level of stringency of the requirements included in agri-environmental schemes, with willingness to accept (WTA) lower than € 80/ha for less stringent scenarios (such as those associated with integrate production) and WTA higher than € 300/ha for the most stringent scenario (designed to maximise the provision of environmental PGs). The study also indicates that the inclusion of a results-based bonus has a low relevance
Anastasio J. Villanueva; José A. Gómez-Limón; Macario Rodríguez-Entrena. Valoración de la oferta de bienes públicos por parte de los sistemas agrarios: el caso del olivar de montaña en Andalucía. Economía Agraria y Recursos Naturales 2017, 17, 25 .
AMA StyleAnastasio J. Villanueva, José A. Gómez-Limón, Macario Rodríguez-Entrena. Valoración de la oferta de bienes públicos por parte de los sistemas agrarios: el caso del olivar de montaña en Andalucía. Economía Agraria y Recursos Naturales. 2017; 17 (1):25.
Chicago/Turabian StyleAnastasio J. Villanueva; José A. Gómez-Limón; Macario Rodríguez-Entrena. 2017. "Valoración de la oferta de bienes públicos por parte de los sistemas agrarios: el caso del olivar de montaña en Andalucía." Economía Agraria y Recursos Naturales 17, no. 1: 25.
José A. Gómez-Limón; Carlos Gutiérrez-Martín; Laura Riesgo. Modeling at farm level: Positive Multi-Attribute Utility Programming. Omega 2016, 65, 17 -27.
AMA StyleJosé A. Gómez-Limón, Carlos Gutiérrez-Martín, Laura Riesgo. Modeling at farm level: Positive Multi-Attribute Utility Programming. Omega. 2016; 65 ():17-27.
Chicago/Turabian StyleJosé A. Gómez-Limón; Carlos Gutiérrez-Martín; Laura Riesgo. 2016. "Modeling at farm level: Positive Multi-Attribute Utility Programming." Omega 65, no. : 17-27.
In recent decades, the use of economic instruments has been promoted as a way to improve water demand management, required due to the difficulty of further supply increases. Against this backdrop, this paper analyses the potential of water banks as a type of water market that can provide institutional flexibility in the allocation of water resources among different users. Research has involved an extensive review of the literature, which has allowed us to identify different types of water banks that operate around the world, as well as an analysis of the experiences of water banks implemented to date, in order to assess the performance of this economic instrument in improving water management. This has provided evidence that water banks, if properly implemented, can be a useful tool for improving governance of water resources. Finally, the analysis has enabled us to propose a number of guidelines on how to improve the implementation of water banks in different countries around the world.
Nazaret M. Montilla-López; Carlos Gutiérrez-Martín; José A. Gómez-Limón. Water Banks: What Have We Learnt from the International Experience? Water 2016, 8, 466 .
AMA StyleNazaret M. Montilla-López, Carlos Gutiérrez-Martín, José A. Gómez-Limón. Water Banks: What Have We Learnt from the International Experience? Water. 2016; 8 (10):466.
Chicago/Turabian StyleNazaret M. Montilla-López; Carlos Gutiérrez-Martín; José A. Gómez-Limón. 2016. "Water Banks: What Have We Learnt from the International Experience?" Water 8, no. 10: 466.