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http://ssrn.com/abstract=1740485
 
 

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An Integrated Assessment of Water Markets: Australia, Chile, China, South Africa and the USA


Gary D. Libecap


University of California, Santa Barbara - Donald Bren School of Environmental Science & Management; University of Arizona - Karl Eller Center; National Bureau of Economic Research (NBER); PERC - Property and Environment Research Center

R. Quentin Grafton


Australian National University (ANU) - Centre for Resource and Environmental Studies (CRES); Australian National University (ANU) - Crawford School of Economics and Government

Clay Landry


affiliation not provided to SSRN

Sam McGlennon


affiliation not provided to SSRN

R. J. O'Brien


affiliation not provided to SSRN

December 1, 2010

ICER Working Paper No. 32/2010

Abstract:     
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three ‘pillars’ of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different water markets; (2) to track performance over time; and (3) to identify ways in which water markets might be adjusted by informed policy makers to achieve desired goals. The framework is used to identify strengths and limitations of water markets in: (1) Australia’s Murray-Darling Basin; (2) Chile (in particular the Limarí Valley); (3) China (in particular, the North); (4) South Africa; and (5) the western United States. It identifies what water markets are currently able to contribute to integrated water resource management, what criteria underpin these markets, and which components of their performance may require further development.

Number of Pages in PDF File: 44

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Date posted: January 17, 2011  

Suggested Citation

Libecap, Gary D. and Grafton, R. Quentin and Landry, Clay and McGlennon, Sam and O'Brien, R. J., An Integrated Assessment of Water Markets: Australia, Chile, China, South Africa and the USA (December 1, 2010). ICER Working Paper No. 32/2010. Available at SSRN: http://ssrn.com/abstract=1740485 or http://dx.doi.org/10.2139/ssrn.1740485

Contact Information

Gary D. Libecap (Contact Author)
University of California, Santa Barbara - Donald Bren School of Environmental Science & Management ( email )
4670 Physical Sciences North
Santa Barbara, CA 93106-5131
United States
805-893-8611 (Phone)
HOME PAGE: http://www.esm.ucsb.edu/people/usernew.asp?user=glibecap
University of Arizona - Karl Eller Center ( email )
McClelland Hall
Tucson, AZ 85721-0108
United States
520-621-4821 (Phone)
520-626-5269 (Fax)
HOME PAGE: http://www.bpa.arizona.edu/~libecap
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

R. Quentin Grafton
Australian National University (ANU) - Centre for Resource and Environmental Studies (CRES) ( email )
Canberra, Australian Capital Territory 0200
Australia
HOME PAGE: http://cres.anu.edu.au/~qgrafton
Australian National University (ANU) - Crawford School of Economics and Government
ANU College of Asia and the Pacific
Canberra, Australian Capital Territory 0200
Australia

Clay Landry
affiliation not provided to SSRN ( email )
Sam McGlennon
affiliation not provided to SSRN ( email )
No Address Available
R. J. O'Brien
affiliation not provided to SSRN ( email )
Feedback to SSRN


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References:  79
Citations:  1

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