Download this Paper Open PDF in Browser

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

ICER Working Paper No. 32/2010

44 Pages Posted: 17 Jan 2011  

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 Public Policy

Clay Landry

affiliation not provided to SSRN

Sam McGlennon

affiliation not provided to SSRN

R. J. O'Brien

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: December 1, 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.

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: https://ssrn.com/abstract=1740485 or http://dx.doi.org/10.2139/ssrn.1740485

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 Public Policy

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
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 )

Paper statistics

Downloads
78
Rank
194,321
Abstract Views
491