TY - BOOK AU - Nadine,Wittmann TI - A microeconomic analysis of the socio-economic situation along the Kat River Water Basin: Comment SN - 03031853 AV - HD1401 AGR PY - 2013/// CY - Johannesburg PB - Taylor and Francis KW - Institutions KW - River KW - Location-specific externalities N2 - According to Mbatha and Antrobus (2008), basic economic models are inadequate for explaining the socio-economic situation of farmers along the Kat River water basin (KRV) as their results do not reflect their empirical findings. However, this is due to the fact that the economic model implemented is not tailored according to the specific characteristics of the region. Therefore, this paper incorporates the latter in a microeconomic model. Once all the relevant factors are accounted for, an economic model may very well suffice to depict the socio-economic situation present in the KRV, which is in contrast to previous findings UR - https://doi.org/10.1080/03031853.2013.798068 ER -