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Memorias de investigación
Research Publications in journals:
An economic drought management index to evaluate water institution: performance under uncertainty
Year:2007
Research Areas
  • Agricultural policy,
  • Applied economics
Information
Abstract
Reservoir management and intertemporal water allocation are critical issues in semiarid regions where agriculture has to confront highly variable rainfall patterns. In this paper, we derive and propose an economic drought management index (EDMI) to evaluate water institutions performance to cope with drought risk. The EDMI is based on the optimal conditions of a stochastic dynamic optimisation problem that characterises reservoir management. The index's main advantages are its ease of interpretation and breadth of scope, as it incorporates information on hydrological processes, structural constraints, water institutions rules, and the economic benefits of water use. An empirical application is developed to assess the institutional rules governing water allocation in two different supply systems in Andalusia (southern Spain).
International
Si
JCR
Si
Title
AUST J AGR RESOUR EC
ISBN
1364-985X
Impact factor JCR
0,635
Impact info
Volume
51
Journal number
1
From page
17
To page
38
Month
JUNIO
Ranking
Participants
  • autor: Almudena Gómez-Ramos (Universidad de Valladolid )
  • Autor: Eva Iglesias Martinez (UPM)
  • Autor: Alberto Garrido Colmenero (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Economía Agraria y Gestión de los Recursos Naturales
  • Departamento: Economía y Ciencias Sociales Agrarias
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