Pricing Water

21 Pages Posted: 3 Apr 2009

See all articles by Carlos Gómez Ligüerre

Carlos Gómez Ligüerre

Universitat Pompeu Fabra - Department of Law

Ignacio Marin Garcia

Universitat Pompeu Fabra

Vanessa Casado Pérez

Texas A&M University School of Law

Date Written: July 22, 2008

Abstract

In Spain, as in many other countries, water is a scarce resource whose allocation is not always efficient. The State is vested with powers to price its uses, which it does mostly inadequately. Agriculture uses account for two thirds of the consumption of this valuable good; whereas, households and industry only consume 18 and 13 % respectively. This paper proposes the introduction of a market of rights over water controlled by a public body, since transaction costs are so high that the result achieved by the free negotiation of the parties would not be efficient.

Keywords: Water Bank, Tariffs, Hydrologic Planning, Water Law

Suggested Citation

Gómez Ligüerre, Carlos and Marin Garcia, Ignacio and Casado Pérez, Vanessa, Pricing Water (July 22, 2008). InDret, Vol. 3, 2008, Available at SSRN: https://ssrn.com/abstract=1372010

Carlos Gómez Ligüerre (Contact Author)

Universitat Pompeu Fabra - Department of Law ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain

Ignacio Marin Garcia

Universitat Pompeu Fabra ( email )

Ramon Trias Fargas, 25-27
Barcelona, E-08005
Spain

Vanessa Casado Pérez

Texas A&M University School of Law ( email )

1515 Commerce St.
Fort Worth, TX 76102
United States

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