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Do Missing Institutional Arrangements Block Enlargement Of Water Markets?

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  • Easter, K. William
  • Smith, Rodney B.W.

Abstract

As we consider the potential for expanding water markets as a means to help prevent water shortages, it is clear that there is resistance to such an expansion. This resistance should not be surprising given that there are likely to be both gainers and losers from expanded water markets. This papers shows that there are a number of potential market failures when water markets are expanded and that these failures are important to different stakeholder groups. These failures result from both technical and pecuniary externalities. If markets are to expand beyond the local level, new institutional arrangements will be needed that help reduce the negative impacts of the different market failures. In the past a number of institutional arrangements have been used by different stakeholder groups to block trading. We review some of these arrangements as well as institutional arrangements that can work to promote market expansion by mitigating market failures or by compensating damaged parties.

Suggested Citation

  • Easter, K. William & Smith, Rodney B.W., 2002. "Do Missing Institutional Arrangements Block Enlargement Of Water Markets?," Working Papers 14405, University of Minnesota, Center for International Food and Agricultural Policy.
    • Handle: RePEc:ags:umciwp:14405
    DOI: 10.22004/ag.econ.14405
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    References listed on IDEAS

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    1. Bakker, M., 2000. "Multiple uses of water in the Kirindi Oya Irrigation System, Sri Lanka," Conference Papers h023553, International Water Management Institute.
    2. Meinzen-Dick, Ruth Suseela & Bakker, Margaretha, 2000. "Water rights and multiple water uses: framework and application to Kirindi Oya irrigation system, Sri Lanka," EPTD discussion papers 59, International Food Policy Research Institute (IFPRI).
    3. Bromley, Daniel W & Taylor, Donald C & Parker, Donald E, 1980. "Water Reform and Economic Development: Institutional Aspects of Water Management in the Developing Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 28(2), pages 365-387, January.
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    Cited by:

    1. Ariel Dinar & Jyothsna Mody, 2004. "Irrigation water management policies: Allocation and pricing principles and implementation experience," Natural Resources Forum, Blackwell Publishing, vol. 28(2), pages 112-122, May.

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