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The Taxable Surplus In Water Resources

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  • MASON Gaffney

Abstract

Taxes or rental charges for water use are bearable and legal and would spur water economy, but the following fallacies impede acceptance of these ideas: (i) water rights are real property, (ii) a charge on water would be passed on to consumers, (iii) the cost of water is just its development cost, (iv) markets solve most problems if property rights are firm, (v) only consumptive use is a social cost, and (vi) common rights must spell tragedy. This paper dispels these fallacies while advocating taxation and/or rental charges for water use.

Suggested Citation

  • MASON Gaffney, 1992. "The Taxable Surplus In Water Resources," Contemporary Economic Policy, Western Economic Association International, vol. 10(4), pages 74-82, October.
    • Handle: RePEc:bla:coecpo:v:10:y:1992:i:4:p:74-82
    DOI: 10.1111/j.1465-7287.1992.tb00362.x
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    References listed on IDEAS

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    1. Bromley, Daniel W., 1990. "The ideology of efficiency: Searching for a theory of policy analysis," Journal of Environmental Economics and Management, Elsevier, vol. 19(1), pages 86-107, July.
    2. M. Mason Gaffney, 1962. "Water Law and Economic Transfers of Water: A Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(2), pages 427-434.
    3. Mason Gaffney, 1966. "Milliman on Urban Water Price and Tax Policy," American Journal of Economics and Sociology, Wiley Blackwell, vol. 25(4), pages 399-402, October.
    4. Mason Gaffney, 1969. "Economic Aspects of Water Resource Policy," American Journal of Economics and Sociology, Wiley Blackwell, vol. 28(2), pages 131-144, April.
    5. Robert A. Young & Hubert J. Morel-Seytoux & John T. Daubert, 1986. "Evaluating Institutional Alternatives for Managing an Interrelated Stream-Aquifer System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 787-797.
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    Cited by:

    1. Elinor Ostrom, 2003. "How Types of Goods and Property Rights Jointly Affect Collective Action," Journal of Theoretical Politics, , vol. 15(3), pages 239-270, July.

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