Review paper

Markets in tradable water rights: Potential for efficiency gains in developing country water resource allocation

Volume: 22, Issue: 11, Pages: 1613 - 1625
Published: Nov 1, 1994
Abstract
Establishment of tradable water rights could play an important role in improving the efficiency, equity, and sustainability of water use in developing countries. Well-defined tradable rights formalize and secure the existing water rights held by water users; economize on transactions costs; induce water users to consider the full opportunity cost of water; and provide incentives for water users to internalize and reduce many of the negative...
Paper Details
Title
Markets in tradable water rights: Potential for efficiency gains in developing country water resource allocation
Published Date
Nov 1, 1994
Volume
22
Issue
11
Pages
1613 - 1625
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