Governing scarcity. Water markets, equity and efficiency in pre-1950s eastern Spain

Samuel Garrido

Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria from Sociedad de Estudios de Historia Agraria

Abstract: It is usually taken for granted that the existence of water markets allows economic efficiency gains to be achieved at the expense of equity losses. This paper addresses the issue by analysing the functioning of the irrigation communities in pre-1950s eastern Spain. While in some of them the water inhered in the land and could not be sold, in others there were tradable water rights. In the paper it is shown that, in the former, not only was equity greater but in fact the resource was also used more efficiently.

Keywords: water markets; Spain; irrigation communities; efficiency; equity (search for similar items in EconPapers)
JEL-codes: N53 N54 Q01 Q25 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2010-12
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:seh:wpaper:1012

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