|
AgEcon Search >
University of Minnesota >
Center for International Food and Agricultural Policy >
Working Papers >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/14405
|
| Title: | DO MISSING INSTITUTIONAL ARRANGEMENTS BLOCK ENLARGEMENT OF WATER MARKETS? |
| Authors: | Easter, K. William
Smith, Rodney |
| Authors (Email): | Easter, K. William (weaster@apec.umn.edu)
Smith, Rodney (smith142@umn.edu) |
| Issue Date: | 2002 |
| Series/Report no.: | Working Paper WP02-2; Paper Presented at the 8th Joint Conference on Food, Agriculture and the Environment, August 25-28, 2002, Red Cedar Lake, Wisconsin |
| 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. |
| URI: | http://purl.umn.edu/14405 |
| Institution/Association: | University of Minnesota>Center for International Food and Agricultural Policy>Working Papers |
| Total Pages: | 23 |
| Language: | English |
| Collections: | Working Papers
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
