%0 Journal Article
%A Tomori, Françeska
%A Ansink, Erik
%A Houba, Harold
%A Hagerty, Nick
%A Bos, Charles
%T Market power in California's water market
%D 2023
%@ 0002-9092
%U https://hdl.handle.net/20.500.14352/134133
%X We estimate market power in California's surface water market. Market power may distort the potential welfare gains from water marketing. We use a Nash-Cournot model and derive a closed-form solution for the extent of market power in a water market setting. We then use this solution to estimate market power in a newly assembled dataset on California's water economy. We show that, under the assumptions of the Nash-Cournot model, market power in this thin market is limited.
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