Building coalitions for water marketing

Terry L. Anderson and Donald R. Leal

Journal of Policy Analysis and Management, 1989, vol. 8, issue 3, 432-445

Abstract: The authors argue that efficient water allocation is possible through markets as long as water rights are well-defined, enforced, and transferable. They provide a framework for considering third-party and free rider affects from water trades. From this framework, they consider the prospects for developing a market for instream flows. The analysis points to problems with the prior appropriation system for establishing instream flow claims but suggests that there is not reason for water policy to stand in the way of transferring existing consumption rights to instream uses. The authors conclude that changes in water policy which capitalize on market forces will result from conservationconservative coalitions.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:8:y:1989:i:3:p:432-445

DOI: 10.2307/3324933

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