Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California

Increasing water scarcity, rising costs of irrigation subsidies, and general economic liberalization are creating strong incentives for comprehensive water reform with establishment of tradable water rights and the development of markets in these rights. Experiences in Chile, Mexico, and California...

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Detalles Bibliográficos
Autores principales: Rosegrant, Mark W., Gazmuri, Renato
Formato: Journal Article
Lenguaje:Inglés
Publicado: 1995
Materias:
Acceso en línea:https://hdl.handle.net/10568/171648
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author Rosegrant, Mark W.
Gazmuri, Renato
author_browse Gazmuri, Renato
Rosegrant, Mark W.
author_facet Rosegrant, Mark W.
Gazmuri, Renato
author_sort Rosegrant, Mark W.
collection Repository of Agricultural Research Outputs (CGSpace)
description Increasing water scarcity, rising costs of irrigation subsidies, and general economic liberalization are creating strong incentives for comprehensive water reform with establishment of tradable water rights and the development of markets in these rights. Experiences in Chile, Mexico, and California indicate that water allocation through markets in tradable water rights offers a viable approach to improving the efficiency of water allocation, and should receive serious consideration from developing country policy makers. Laws establishing tradable rights should be simple and comprehensive, should clearly define the characteristics of water rights and the conditions and regulations governing the trade of water rights; should establish and implement water rights registers; delineate the roles of the government, institutions, and individuals involved in water allocation and the ways of solving conflicts between them; and provide cost-effective protection against negative third party and environmental effects which can arise from water trades.
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spelling CGSpace1716482025-02-19T14:00:24Z Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California Rosegrant, Mark W. Gazmuri, Renato water supply management irrigation property rights water rights Increasing water scarcity, rising costs of irrigation subsidies, and general economic liberalization are creating strong incentives for comprehensive water reform with establishment of tradable water rights and the development of markets in these rights. Experiences in Chile, Mexico, and California indicate that water allocation through markets in tradable water rights offers a viable approach to improving the efficiency of water allocation, and should receive serious consideration from developing country policy makers. Laws establishing tradable rights should be simple and comprehensive, should clearly define the characteristics of water rights and the conditions and regulations governing the trade of water rights; should establish and implement water rights registers; delineate the roles of the government, institutions, and individuals involved in water allocation and the ways of solving conflicts between them; and provide cost-effective protection against negative third party and environmental effects which can arise from water trades. 1995 2025-01-29T12:58:30Z 2025-01-29T12:58:30Z Journal Article https://hdl.handle.net/10568/171648 en Limited Access Rosegrant, Mark W.; Gazmuri, Renato. 1995. Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California. Cuadernos de Economia 32(97): 291-315. https://www.jstor.org/stable/41951283
spellingShingle water supply
management
irrigation
property rights
water rights
Rosegrant, Mark W.
Gazmuri, Renato
Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title_full Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title_fullStr Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title_full_unstemmed Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title_short Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California
title_sort reforming water allocation policy through markets in tradable water rights lessons from chile mexico and california
topic water supply
management
irrigation
property rights
water rights
url https://hdl.handle.net/10568/171648
work_keys_str_mv AT rosegrantmarkw reformingwaterallocationpolicythroughmarketsintradablewaterrightslessonsfromchilemexicoandcalifornia
AT gazmurirenato reformingwaterallocationpolicythroughmarketsintradablewaterrightslessonsfromchilemexicoandcalifornia