Reallocating Water: An Application of Sequential Sharing Rules to Cyprus

25 Pages Posted: 11 Jan 2010

See all articles by Erik Ansink

Erik Ansink

VU University Amsterdam - Department of Spatial Economics

Carmen Marchiori

London School of Economics & Political Science (LSE)

Date Written: January 8, 2010

Abstract

We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water, and an exogenous ordering of these sectors. We apply sharing rules, based on bankruptcy rules, to reallocate water, which complements other approaches to the reallocation of water rights, including those based on water markets. Our approach is illustrated using an application to water reallocation in Cyprus, where reallocation of water rights has been recognised as an essential step towards good water governance and one of the main challenges for current water policies.

Keywords: Water Reallocation, Sequential Sharing Rule, Water Scarcity, Axiomatic Approach, Cyprus

JEL Classification: D63, D71, Q25

Suggested Citation

Ansink, Erik and Marchiori, Carmen, Reallocating Water: An Application of Sequential Sharing Rules to Cyprus (January 8, 2010). FEEM Working Paper No. 126.2009. Available at SSRN: https://ssrn.com/abstract=1533288 or http://dx.doi.org/10.2139/ssrn.1533288

Erik Ansink (Contact Author)

VU University Amsterdam - Department of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands

Carmen Marchiori

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

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