Income distributional effects of using market-based instruments for managing common property resources
In this article, the authors show the trade‐offs between efficiency and equity that arise from the application of market‐based instruments to a heterogenous population of agents drawing from a natural resource pool. Using the example of groundwater, they find that there are overall losses in allocat...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2007
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/171841 |
| _version_ | 1855535641878593536 |
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| author | Msangi, Siwa Howitt, Richard E. |
| author_browse | Howitt, Richard E. Msangi, Siwa |
| author_facet | Msangi, Siwa Howitt, Richard E. |
| author_sort | Msangi, Siwa |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | In this article, the authors show the trade‐offs between efficiency and equity that arise from the application of market‐based instruments to a heterogenous population of agents drawing from a natural resource pool. Using the example of groundwater, they find that there are overall losses in allocative efficiency when the centralized planner is constrained by equity considerations, and that the distribution of gains or losses to management becomes skewed asymmetrically across agents. These results demonstrate the importance of considering both efficiency gains and disparities in distributional inequity, when designing policy instruments that create winners and losers with potentially serious sociopolitical ramifications. |
| format | Journal Article |
| id | CGSpace171841 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2007 |
| publishDateRange | 2007 |
| publishDateSort | 2007 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1718412025-01-29T12:58:50Z Income distributional effects of using market-based instruments for managing common property resources Msangi, Siwa Howitt, Richard E. water policies economic situation In this article, the authors show the trade‐offs between efficiency and equity that arise from the application of market‐based instruments to a heterogenous population of agents drawing from a natural resource pool. Using the example of groundwater, they find that there are overall losses in allocative efficiency when the centralized planner is constrained by equity considerations, and that the distribution of gains or losses to management becomes skewed asymmetrically across agents. These results demonstrate the importance of considering both efficiency gains and disparities in distributional inequity, when designing policy instruments that create winners and losers with potentially serious sociopolitical ramifications. 2007-12 2025-01-29T12:58:50Z 2025-01-29T12:58:50Z Journal Article https://hdl.handle.net/10568/171841 en Limited Access Wiley Msangi, Siwa; Howitt, Richard E. 2007. Income distributional effects of using market-based instruments for managing common property resources. Agricultural Economics 37(s1): 249-259. https://doi.org/10.1111/j.1574-0862.2007.00249.x |
| spellingShingle | water policies economic situation Msangi, Siwa Howitt, Richard E. Income distributional effects of using market-based instruments for managing common property resources |
| title | Income distributional effects of using market-based instruments for managing common property resources |
| title_full | Income distributional effects of using market-based instruments for managing common property resources |
| title_fullStr | Income distributional effects of using market-based instruments for managing common property resources |
| title_full_unstemmed | Income distributional effects of using market-based instruments for managing common property resources |
| title_short | Income distributional effects of using market-based instruments for managing common property resources |
| title_sort | income distributional effects of using market based instruments for managing common property resources |
| topic | water policies economic situation |
| url | https://hdl.handle.net/10568/171841 |
| work_keys_str_mv | AT msangisiwa incomedistributionaleffectsofusingmarketbasedinstrumentsformanagingcommonpropertyresources AT howittricharde incomedistributionaleffectsofusingmarketbasedinstrumentsformanagingcommonpropertyresources |