Water Institutions And Economic Incentives To Ameliorate Market And Government Failures
At the macro level, the way water resources are managed results in major misallocations as well as quality deterioration. It has become apparent in many cases that current practices and policies are not sustainable, and that reforms are needed. The present paper focuses on some of these reforms. It starts by reviewing and analyzing the sources of the market failures as well as government failures in water resources management. Recognizing the inevitability and desirability of some form of public action in many circumstances, it seeks to identify forms of interventions that utilize, to the extent possible, individual or private incentives by providing the institutional and legal framework in which these incentives can best complement the interventions. Examples from various countries are provided to illustrate the feasibility and merits of the proposed reforms.
|Date of creation:||1996|
|Contact details of provider:|| Postal: 231ClaOff Building, 1994 Buford Avenue, St. Paul, MN 55108-6040|
Phone: (612) 625-1222
Fax: (612) 625-6245
Web page: http://www.apec.umn.edu
More information through EDIRC
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.:
- Marca Weinberg & Catherine L. Kling & James E. Wilen, 1993.
"Water Markets and Water Quality,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 75(2), pages 278-291.
- Easter, K. William & Martin, Lee R., 1977. "Water Resources Problems in Developing Countries," Bulletins 8436, University of Minnesota, Economic Development Center.
- Meinzen-Dick, Ruth Suseela & Sullins, Martha, 1994. "Water markets in Pakistan: participation and productivity," EPTD discussion papers 4, International Food Policy Research Institute (IFPRI).
- Easter, K. William, 1990. "Economic Failure Plagues Developing Countries' Irrigation: An Assurance Problem," Staff Papers 13337, University of Minnesota, Department of Applied Economics.
- Dinar, Ariel & Letey, J., 1991. "Agricultural water marketing, allocative efficiency, and drainage reduction," Journal of Environmental Economics and Management, Elsevier, vol. 20(3), pages 210-223, May.
- Hearne, R.R. & Easter, K.W., 1995. "Water Allocation and Water Markets. An Analysis of Gains-from-Trade in Chile," Papers 315, World Bank - Technical Papers.
- R. Maria Saleth & John B. Braden & J. Wayland Eheart, 1991. "Bargaining Rules for a Thin Spot Water Market," Land Economics, University of Wisconsin Press, vol. 67(3), pages 326-339.
- Rodney T. Smith, 1989. "Water transfers, irrigation districts, and the compensation problem," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 8(3), pages 446-465.
When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:14217. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.