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Governing scarcity. Water markets, equity and efficiency in pre-1950s eastern Spain

Author

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  • Samuel Garrido

    () (Department of Economics. University Jaume I. Castellón (Spain))

Abstract

It is usually taken for granted that the existence of water markets allows economic efficiency gains to be achieved at the expense of equity losses. This paper addresses the issue by analysing the functioning of the irrigation communities in pre-1950s eastern Spain. While in some of them the water inhered in the land and could not be sold, in others there were tradable water rights. In the paper it is shown that, in the former, not only was equity greater but in fact the resource was also used more efficiently.

Suggested Citation

  • Samuel Garrido, 2010. "Governing scarcity. Water markets, equity and efficiency in pre-1950s eastern Spain," Documentos de Trabajo de la Sociedad Española de Historia Agraria 1012, Sociedad Española de Historia Agraria.
  • Handle: RePEc:seh:wpaper:1012
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    File URL: http://repositori.uji.es/xmlui/bitstream/handle/10234/20333/DT%20num%2012.pdf?sequence=3
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    Cited by:

    1. Jose-Antonio Espin-Sanchez & Javier Donna, 2014. "The Illiquidity of Water Markets," 2014 Meeting Papers 1247, Society for Economic Dynamics.
    2. R. Quentin Grafton & James Horne & Sarah Ann Wheeler, 2016. "On the Marketisation of Water: Evidence from the Murray-Darling Basin, Australia," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 30(3), pages 913-926, February.

    More about this item

    Keywords

    water markets; Spain; irrigation communities; efficiency; equity;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-

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