Banerji, A.; Meenakshi, J.V.; Khanna, Gauri - In: Journal of Development Economics 98 (2012) 2, pp. 228-237
This paper uses primary data to analyze the institutions and informal markets that govern groundwater allocation in a sugarcane-cultivating village in North India. We find that, in contrast to earlier literature, the observed water trades result in efficient water allocation across farms. We...