Melding Private And Public Interests In Water Rights Markets
AbstractThe 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.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 25 (1993)
Issue (Month): 01 (July)
Property; Interference; Water institutions; Water marketing; Interdependence; Resource /Energy Economics and Policy;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit â€“ Der Nobelpreis fÃ¼r Wirtschaft 2009 und seine Bedeutung fÃ¼r die AgrarÃ¶konomie," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 59(1).
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