Dpt. Agricultural Economics, Finance and Accounting
University of Cordoba
Campus Rabanales. N-IV km 396, Gregor Mendel Building. E-14071 Córdoba, Spain
phone-icon (+34) 957 218 462
Skype nazaret.montilla
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Born in Cordoba (Spain), I got my degree of Agricultural Engineer with a specialization in Agricultural Economics at the University of Cordoba (Spain). Since 2008, I have been working at University in a research project focusing on ArcGIS and AutoCAD software.

In March 2018, I finished my doctoral thesis. I have been awarded the Cum Laude mention and have carried out the defense for obtaining the international doctor mention. The research project where I have developed my dissertation is called:  “Designing new water markets for Spain: Assessment as measures for the improvement of efficiency in water use and the adaptation to climate change” (MERCAGUA). My dissertation focuses on water banks and mathematical programming so I use specific software called General Algebraic Modelling System (GAMS). The results have been presented in national and international conferences.

Research interests

  • Water pricing
  • Water banks
  • Water markets
  • Water resources management
  • Agricultural mathematical programming

Currently research projects

  • AGL2013-48080-C2-1-R. MERCAGUA “Diseño de nuevos mercados de agua para España: Evaluación como medidas para la mejora de la eficiencia en su uso y la adaptación al cambio climático” (Designing new water markets for Spain: Assessment as measures for the improvement of efficiency in water use and the adaptation to climate change). Period: 2014-2017. Project Coordinator: José A. Gómez-Limón (University of Córdoba). Financed by: Ministry of Economy and Competitiveness (MINECO) and European Regional Development Fund (ERDF). Position: Team Member.

Awards & Achievements

  • 2018: The best PhD in Water Economics. Cátedra Aquae de Economía del Agua.
  • 2018: The best oral communication. Universidad de Córdoba.
  • 2016: Predoctoral mobility fellowship for short stays in Spanish and foreign R&D centres (92 days). Spanish Ministry of Economy and Competitiveness.
  • 2015: Predoctoral Research Grant for Staff in Training. Spanish Ministry of Science and Innovation.

Research stays

  • Water Science Institute. University of Cranfield, United Kingdom (Expected 09/2017 – 12/2017). Supervisor: Dolores Rey.

Peer-reviewed publications


Pérez-Blanco, C.D., Gutiérrez-Martín, C., Gil-García, L. and Montilla-López, N.M. (2021). Microeconomic ensemble modeling to inform robust adaptation to water scarcity in irrigated agriculture, Journal of Water Resources Planning and Management 147:7 doi:10.1061/(ASCE)WR.1943-5452.0001385


Berbel, J., Montilla-López, N.M. and Giannoccaro, G. (2020). Institutions and economics of water scarcity and droughts, Water 12(11):3248 doi:10.3390/w12113248

Gómez-Limón, J.A., Gutiérrez-Martín, C. and Montilla-López, N.M. (2020). Agricultural water allocation under cyclical scarcity: the role of priority water rights, Water 12(6):1835 doi:10.3390/w12061835

Gómez-Limón, J.A., Gutiérrez-Martín, C. and Montilla-López, N.M. (2020). Recovering water for the environment during droughts through public water banks within a monopsony-monopoly setting, Water Resources and Economics 32:100163 doi:10.1016/j.wre.2020.100163

Gutiérrez-Martín, C., Gómez-Limón, J.A., and Montilla-López N.M. (2020). Self-financed water bank for resource reallocation to the environment and within the agricultural sector, Ecological Economics. 169:106493. doi:10.1016/j.ecolecon.2019.106493


Berbel, J., Borrego-Marín, M.M., Expósito, A., Giannoccaro G., Montilla-López, N.M., Roseta-Palma C. (2019). Analysis of irrigation water tariffs and taxes in Europe, Water Policy 21(4):806-825 doi:10.2166/wp.2019.197


Montilla-López, N.M., Gómez-Limón, J.A. and Gutiérrez-Martín, C. (2018). Sharing a river: Potential performance of a water bank for reallocating irrigation water, Agricultural Water Management 200: 47-59. doi:10.1016/j.agwat.2017.12.025.


Montilla-López, N.M., Gutiérrez-Martín, C. and Gómez-Limón, J.A. (2017). Impacto de la tarifación del agua de riego en el Bajo Guadalquivir, ITEA. Información Técnica Económica Agraria 113(1): 90-111. doi:10.12706/itea.2017.006.


Montilla-López, N.M., Gutiérrez-Martín, C. and Gómez-Limón, J.A. (2016). Water banks: What have we learnt from the international experience?, Water 8(10):466. doi:10.3390/w8100466.