Journal Article

Monopoly Power and Distribution in Fragmented Markets: The Case of Groundwater

Hanan G. Jacoby, Rinku Murgai and Saeed Ur Rehman

in The Review of Economic Studies

Published on behalf of Review of Economic Studies Ltd

Volume 71, issue 3, pages 783-808
Published in print July 2004 | ISSN: 0034-6527
Published online July 2004 | e-ISSN: 1467-937X | DOI: https://dx.doi.org/10.1111/j.1467-937X.2004.00304.x
Monopoly Power and Distribution in Fragmented Markets: The Case of Groundwater

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  • Agricultural Economics
  • Economic Development
  • Market Structure, Firm Strategy, and Market Performance

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This paper examines monopoly power in the market for groundwater (irrigation water extracted by private tubewells), a market characterized by barriers to entry and spatial fragmentation. In Pakistan's Punjab region, groundwater and tenancy contracts are often interlinked, with share-tenants gaining access to water through the use of their landlord's tubewell. An analysis of groundwater transactions shows that tenants of tubewell owners are charged lower prices than other customers. Tubewell owners and their tenants also use considerably more groundwater on their plots than other farmers. Using detailed price and quantity data, the efficiency and distributional implications of this monopoly power are explored.

Keywords: L12; O13; Q15

Journal Article.  14065 words.  Illustrated.

Subjects: Agricultural Economics ; Economic Development ; Market Structure, Firm Strategy, and Market Performance

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