MELDING PRIVATE AND PUBLIC INTERESTS IN WATER RIGHTS MARKETS

The debate over privatizing and water markets has moved back and forth for decades between the "I" and the "We" perspectives. Rather than either/or, a balanced "I&We" view of water institutions is needed. West is meeting east in water law. Public interest needs must be satisfied in appropriate decision forums, but marketing may prove a social improvement when used as a supplement. Balancing an "I&We" institution involves establishing an acceptable or tolerable level of interference through judicious mixing of state, common and private property regimes. Third-party effects are eliminated as mutual gain arises in a variety of decision forums.


Issue Date:
1993-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15196
Published in:
Journal of Agricultural and Applied Economics, Volume 25, Number 1
Page range:
69-83
Total Pages:
15




 Record created 2017-04-01, last modified 2017-08-23

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