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Article

Study on the Pricing of Water Rights Transaction between Irrigation Water Users Based on Cooperative Game in China

1
School of Water Resources Science and Engineering, University of Zhengzhou, Zhengzhou 450001, China
2
Yellow River Institute of Hydraulic Research, Yellow River Conservancy Commission, Zhengzhou 450003, China
3
Henan Key Laboratory of Ecological Environment Protection and Restoration of Yellow River Basin, Zhengzhou 450003, China
*
Author to whom correspondence should be addressed.
Academic Editor: Hongyong Sun
Water 2021, 13(12), 1672; https://doi.org/10.3390/w13121672
Received: 19 April 2021 / Revised: 31 May 2021 / Accepted: 10 June 2021 / Published: 16 June 2021
China’s water rights transaction is still in the initial stage of development. There is no systematic pricing method for water rights transactions between farmers. This paper puts forward a pricing model of water rights transactions among farmers in water-deficient areas. The price of water rights transaction consists of cost price and earnings price. The earnings price is determined by studying the crop water production function, calculating the crop’s marginal benefit of the two parties, and combining the Cooperative Game Theory. Finally, the pricing model was applied to the water rights transactions among the farmers of Hetao Irrigation District of Bayannaoer City, Inner Mongolia Autonomous Region. Results showed that under the A4 trading strategy, the overall income increased without losing the interests of any farmer. The increasing income of the three farmer households N1, N2, and N3 after the alliance was 8.14 thousand dollars, 4.66 thousand dollars, and 20.33 thousand dollars, respectively, and the water rights transaction prices of N3 and N1, N2 were respectively 0.485 $/m3, 0.565 $/m3. It is estimated that the model can provide a scientific basis for water rights trading between farmers and the efficient use of water resources. View Full-Text
Keywords: water rights transaction; earnings price; production function; marginal benefit; Cooperative Game Theory water rights transaction; earnings price; production function; marginal benefit; Cooperative Game Theory
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MDPI and ACS Style

Guan, X.; Du, Q.; Zhang, W.; Wang, B. Study on the Pricing of Water Rights Transaction between Irrigation Water Users Based on Cooperative Game in China. Water 2021, 13, 1672. https://doi.org/10.3390/w13121672

AMA Style

Guan X, Du Q, Zhang W, Wang B. Study on the Pricing of Water Rights Transaction between Irrigation Water Users Based on Cooperative Game in China. Water. 2021; 13(12):1672. https://doi.org/10.3390/w13121672

Chicago/Turabian Style

Guan, Xinjian, Qiongying Du, Wenge Zhang, and Baoyong Wang. 2021. "Study on the Pricing of Water Rights Transaction between Irrigation Water Users Based on Cooperative Game in China" Water 13, no. 12: 1672. https://doi.org/10.3390/w13121672

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