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Water Markets, Licenses, and Conservation: Some Implications

Water Markets, Licenses, and Conservation: Some Implications Abstract: While water markets have long been advocated as a tool for both enhancing water use efficiency and enabling conservation purchases, their interaction with water rights and licenses has been little studied. It is shown that when water rights are not tradable, using spot markets to secure conservation needs may harm some water users. Ironically, while a spot market enhances the efficiency of water use, it may also increase the cost of conservation purchases. Further, a self-funding conservation program, where volumetric license carrying charges pay for conservation purchases, creates a transfer from junior water users to senior water users. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

Water Markets, Licenses, and Conservation: Some Implications

Land Economics , Volume 87 (1) – Apr 4, 2011

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Publisher
University of Wisconsin Press
Copyright
Copyright © University of Wisconsin Press
ISSN
1543-8325
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Abstract

Abstract: While water markets have long been advocated as a tool for both enhancing water use efficiency and enabling conservation purchases, their interaction with water rights and licenses has been little studied. It is shown that when water rights are not tradable, using spot markets to secure conservation needs may harm some water users. Ironically, while a spot market enhances the efficiency of water use, it may also increase the cost of conservation purchases. Further, a self-funding conservation program, where volumetric license carrying charges pay for conservation purchases, creates a transfer from junior water users to senior water users.

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Apr 4, 2011

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