•Policy analysis of the implementation of a publicly run and active water bank considering scenarios of reduced water availability.•Fills the gap in empirical knowledge regarding water banks as temporary reallocation instruments within the agricultural sector.•Empirical application of a mathematical model using a Cobb-Douglas MAUF in the Guadalquivir River Basin (Spain).•Water banks improve water management in economic and social terms.
Agricultural Water Management – Elsevier
Published: Mar 1, 2018
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