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Melding Private And Public Interests In Water Rights Markets

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  • Lynne, Gary D.
  • Saarinen, Phyllis

Abstract

The debate over privatizing and water markets has moved back and forth for decades between the "I" and the "We" perspectives. Rather than either/or, a balanced "I&We" view of water institutions is needed. West is meeting east in water law. Public interest needs must be satisfied in appropriate decision forums, but marketing may prove a social improvement when used as a supplement. Balancing an "I&We" institution involves establishing an acceptable or tolerable level of interference through judicious mixing of state, common and private property regimes. Third-party effects are eliminated as mutual gain arises in a variety of decision forums.

Suggested Citation

  • Lynne, Gary D. & Saarinen, Phyllis, 1993. "Melding Private And Public Interests In Water Rights Markets," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(1), pages 1-15, July.
    • Handle: RePEc:ags:joaaec:15196
    DOI: 10.22004/ag.econ.15196
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    References listed on IDEAS

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    4. Gary D. Lynne & Jeffrey Burkhardt, 1990. "The Evolution of Water Institutions in Florida: A Neoinstitutionalist Perspective," Journal of Economic Issues, Taylor & Francis Journals, vol. 24(4), pages 1059-1077, December.
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    9. Randall, Alan, 1981. "Property Entitlements And Pricing Policies For A Maturing Water Economy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(3), pages 1-26, December.
    10. Richard L. Gardner, 1990. "The Impacts and Efficiency of Agriculture-to-Urban Water Transfers: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(5), pages 1207-1209.
    11. Charles W. Howe & Jeffrey K. Lazo & Kenneth R. Weber, 1990. "The Economic Impacts of Agriculture-to-Urban Water Transfers on the Area of Origin: A Case Study of the Arkansas River Valley in Colorado," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(5), pages 1200-1204.
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    Cited by:

    1. Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit – Der Nobelpreis für Wirtschaft 2009 und seine Bedeutung für die Agrarökonomie," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 59(01), pages 1-6, March.
    2. Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit – Der Nobelpreis für Wirtschaft 2009 und seine Bedeutung für die Agrarökonomie," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 59(1).

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