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The Evolution Of Markets For Water
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Book Synopsis The Evolution of Markets for Water by : Jeff Bennett
Download or read book The Evolution of Markets for Water written by Jeff Bennett and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: How policymakers are striving to move away from government regulation and achieve a balance between a property rights and a market based approach to the allocation of water resources.
Book Synopsis Water Markets for the 21st Century by : K. William Easter
Download or read book Water Markets for the 21st Century written by K. William Easter and published by Springer. This book was released on 2014-07-30 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the history, the present and the future of water markets on 5 continents, beginning with the institutional underpinnings of water markets and factors influencing transaction costs. The book examines markets in seven countries and three different U.S. states, ranging from village-level water markets in Oman to basin wide formal water markets in Australia's Murray-Darling River basin. Introductory chapters on the background of water markets and on transaction costs and policy design are followed by chapter length discussion of water markets as an adaptive response to climate change and of supply reliability in a changing climate. Case studies describe a variety of facets of the design and function of markets around the world: California, Chile, Spain, Oman, Australia, Canada, India and China. In analyzing these real-world examples of markets, the contributors explore water rights and trading of rights between agricultural and urban sectors and the principles and function of option markets. They discuss different sized approaches, from large scale, ministry-level administration of markets to informal arrangements among farmers in the same village, or groups of villages which allocate water without large investment in management and infrastructure. Discussion includes questions of why water market practices have not expanded more rapidly in arid places. The book discusses mechanisms for resolving conflicts between water rights holders as well as between water right holders and third parties impacted by water trades and whether or not public ownership of water rights or use rights should trump private ownership and under what condition. Also covered are new and expanding categories of water use, beyond human consumption, agriculture and industry to new technologies ranging from extracting natural gas from shale to producing biofuels. The book concludes with suggestions for future water markets and offers a realistic picture of how they might change water use and distribution practices going forward.
Download or read book Water Markets written by Sarah A. Wheeler and published by Edward Elgar Publishing. This book was released on 2021-08-28 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity. This timely book offers an insight into the benefits of water markets, and their identified market failures. A water market framework is applied to key case studies, highlighting that the majority of regions have not had sufficient water reforms to allow for the introduction of water markets without negative social consequences. The book addresses existing hydrological and institutional capacity across countries and areas where water reform is needed, and lessons are provided for future water markets, taking into account these limitations. The case studies of different countries tackling water scarcity issues and reform will make this an essential read for scholars of environmental studies, water economics, sustainability management and environmental policies. It will also be an invigorating book for water policy makers interested in lessons for change, and in how to better implement reforms for water markets to help address both water scarcity and improve productivity.
Book Synopsis Evolution of Water Marketing in California by : Damian Blase Bickett
Download or read book Evolution of Water Marketing in California written by Damian Blase Bickett and published by . This book was released on 2011 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation tells the story of how users in California have come to reallocate their water through markets. I attempt to improve upon earlier work and explain what changed within water marketing as well as why things changed. Using regression analysis to analyze these changes is difficult because of the tremendous heterogeneity among users and because discrete changes in the laws do not correspond immediately to transfer activity. I use regression analysis in what follows, but understanding water marketing evolution necessitates case studies and a historical understanding as well. Therefore, I present a lot of history to place these recent changes in context, changes that many argue spurred recent market development. I discuss the different types of water transfers and present data on their trends and development, and then explain what changes mattered over time, bolstered by regressions using a fairly complete 30 year transfer dataset. Underlying much of my work, and especially part II, is the notion that murky water rights in California affect water marketing. To show how water rights affect water markets, I explain how they are murky in California by focusing on the administration of water rights and the institutional structure in California, and then I show how these notions hinder markets. Furthermore, I contrast California with Wyoming, the originator of the Wyoming water right system upon which California's system is based. Despite their similarities on paper, Wyoming's water right institutions and administration are different, and these differences produce different outcomes. Lastly, I use groundwater basin data to understand how California's unregulated resource affects transferability of surface water. Part I: Starting in the late 1950s, economists argued that reallocation through water marketing would be a more efficient way to accommodate new water demands. However, water transfers have been essentially invisible until 1990. What explains this change, and what doesn't? This section reviews this history of water marketing and the major changes affecting water markets, providing a narrative for understanding how water has been reallocated in California through markets and by other means. This narrative highlights the continuity between early administrative decisions and the outcomes today, whereas previous research explaining recent water market trends emphasizes the importance of recent water market legislation (without comprehending the genesis of these changes). A careful analysis shows that many of the legal changes have little causal effect on California's water market. Using a more comprehensive and accurate dataset than in previous research, this paper also explains the trends in water marketing. Part II: In what ways does the water right system affect marketing? One way to understand how California's water right system affects marketing is to understand Wyoming's system. Both Wyoming and California have appropriative right systems, but the tenets of appropriative water law do not simply apply to California. I explain how Wyoming's system is much cleaner, and present some data to show that this has real effects on the ground. In addition, because California water marketing data only show who actually does participate in the market, transfers that fail are ignored. To grasp why transfers fail is as important in understanding why they develop, and I present examples of the numerous transfers that failed in California as a result of murky water rights. Finally, I use groundwater data to lend support to the contention that murky water rights hinder a district's ability to transfer water.
Book Synopsis Water Markets by : Terry Lee Anderson
Download or read book Water Markets written by Terry Lee Anderson and published by Cato Institute. This book was released on 1997 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents examples of how water markets are working in the United States and abroad and examines the development of water law.
Book Synopsis Water Markets in the West by : Jedidiah Brewer
Download or read book Water Markets in the West written by Jedidiah Brewer and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising urban and environmental demand for water has created growing pressure to re-allocate water from traditional agricultural uses. The evolution of water markets has been more complicated than those for other resources. In this paper, we first explain these differences by examining water rights and regulatory issues. Second, we place our research in the context of the economics literature on water marketing. Third, we present new, comprehensive data on prices and the extent, nature, and timing of water transfers across 12 western states from 1987-2005. We find that prices are higher for agriculture-to-urban trades versus within-agriculture trades, in part, reflecting the differences in marginal values between the two uses. Prices for urban use are also growing relative to agricultural use. Markets are responding in that the number of agriculture-to-urban transactions is rising, whereas the number of agriculture-to-agriculture transfers is not. Further, there is a shift from using short-term leases to using multi-year leases of water and permanent sales of water rights. This pattern underscores the need to consider the amounts of water obligated over time, rather than examining only annual flows in assessing the quantities of water traded as is the common practice in the literature. Considering water obligated over time, termed committed water, we find significantly more is transferred and the direction of trading is different than if the focus is on annual flows. Finally, the data reveal considerable variation in water trading across the states.
Book Synopsis Privatization of Water Services in the United States by : National Research Council
Download or read book Privatization of Water Services in the United States written by National Research Council and published by National Academies Press. This book was released on 2002-08-20 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the quest to reduce costs and improve the efficiency of water and wastewater services, many communities in the United States are exploring the potential advantages of privatization of those services. Unlike other utility services, local governments have generally assumed responsibility for providing water services. Privatization of such services can include the outright sale of system assets, or various forms of public-private partnershipsâ€"from the simple provision of supplies and services, to private design construction and operation of treatment plants and distribution systems. Many factors are contributing to the growing interest in the privatization of water services. Higher operating costs, more stringent federal water quality and waste effluent standards, greater customer demands for quality and reliability, and an aging water delivery and wastewater collection and treatment infrastructure are all challenging municipalities that may be short of funds or technical capabilities. For municipalities with limited capacities to meet these challenges, privatization can be a viable alternative. Privatization of Water Services evaluates the fiscal and policy implications of privatization, scenarios in which privatization works best, and the efficiencies that may be gained by contracting with private water utilities.
Book Synopsis Economical, Political, and Social Issues in Water Resources by : Omid Bozorg-Haddad
Download or read book Economical, Political, and Social Issues in Water Resources written by Omid Bozorg-Haddad and published by Elsevier. This book was released on 2021-07-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economical, Political, and Social Issues in Water Resources provides a fully comprehensive and interdisciplinary overview of all three factors in their relation to water resources. Economic issues consist of Water accounting, Water economy, Water pricing, Water market, Water bank and bourse. Political issues consist of Water power and hydrogemistry, Water diplomacy and hydropolitics, Water rights and water laws, Water governance and policy, Shared water resources management, Water management systems, and social issues consist of Water and culture, civilization and history, Water quality, hygiene, and health, Water and society. This book familiarizes researchers with all aspects of the field, which can lead to optimized and multidimensional water resources management. Some of abovementioned issues are new, so the other aim of this book is to identify them in order to researchers can easily find them and use them in their studies. - Includes diverse case studies from around the world - Presents contributions from global and diverse contributors with interdisciplinary backgrounds, including water engineers, scientists, planners the economic, political and social issues surrounding water - Contains in-depth definitions and concepts of each topic
Book Synopsis The Evolution of the Law and Politics of Water by : Joseph W. Dellapenna
Download or read book The Evolution of the Law and Politics of Water written by Joseph W. Dellapenna and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to a famous Talmudic story (Babylonian Talmud, Tractate Shabbat: 31a), a gentile once approached Rabbi Hillel and asked to be taught the entire Torah while standing on one foot. Hillel replied, ‘Love your neighbour as yourself. That is the entire Torah. The rest is simply an explanation. Go and learn it!’ In much the same way, Jewish law can be described in one word—Torah. All the rest is simply an explanation. The Torah, also known as the Bible, the five books of Moses, and the Pentateuch, was written over 3,000 years ago. Since then, Jewish law has developed various interpretations and applications of the Torah, interpretations of those interpre- tions, and so on. Jewish law contains civil dictates as well as religious protocol. Problems that arose in the framework of religious life and problems surrounding civil relationships both found solutions in the same legal source—the Torah and the Halacha, the Jewish legal interpretations and rulings. This chapter on water law in the Jewish tradition provides insight into Jewish law and custom in general, and rules related to the protection of water sources in particular. One should not look, however, to find a written code of Jewish law, as there is none.
Book Synopsis The Evolution of Electricity Markets in Europe by : Leonardo Meeus
Download or read book The Evolution of Electricity Markets in Europe written by Leonardo Meeus and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridging theory and practice, this book offers insights into how Europe has experienced the evolution of modern electricity markets from the end of the 1990s to the present day. It explores defining moments in the process, including the four waves of European legislative packages, landmark court cases, and the impact of climate strikes and marches.
Book Synopsis Governing the Commons by : Elinor Ostrom
Download or read book Governing the Commons written by Elinor Ostrom and published by Cambridge University Press. This book was released on 2015-09-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
Book Synopsis Hayek and the Evolution of Capitalism by : Naomi Beck
Download or read book Hayek and the Evolution of Capitalism written by Naomi Beck and published by University of Chicago Press. This book was released on 2018-06-21 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few economists can claim the influence—or fame—of F. A. Hayek. Winner of the Nobel Prize, Hayek was one of the most consequential thinkers of the twentieth century, his views on the free market echoed by such major figures as Ronald Reagan and Margaret Thatcher. Yet even among those who study his work in depth, few have looked closely at his use of ideas from evolutionary science to advance his vision of markets and society. With this book Naomi Beck offers the first full-length engagement with Hayek’s thought from this perspective. Hayek argued that the capitalism we see in advanced civilizations is an unintended consequence of group selection—groups that adopted free market behavior expanded more successfully than others. But this attempt at a scientific grounding for Hayek’s principles, Beck shows, fails to hold water, plagued by incoherencies, misinterpretations of the underlying science, and lack of evidence. As crises around the globe lead to reconsiderations of the place of capitalism, Beck’s excavation of this little-known strand of Hayek’s thought—and its failure—is timely and instructive.
Book Synopsis The Evolution of a Nation by : Daniel Berkowitz
Download or read book The Evolution of a Nation written by Daniel Berkowitz and published by Princeton University Press. This book was released on 2012 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book also examines the effects of early legal systems.
Book Synopsis The Institutional Economics of Water by : R. Maria Saleth
Download or read book The Institutional Economics of Water written by R. Maria Saleth and published by World Bank Publications. This book was released on 2004-01-01 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309679702 Total Pages :423 pages Book Rating :4.3/5 (96 download)
Book Synopsis Review of the New York City Watershed Protection Program by : National Academies of Sciences, Engineering, and Medicine
Download or read book Review of the New York City Watershed Protection Program written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2020-12-04 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York City's municipal water supply system provides about 1 billion gallons of drinking water a day to over 8.5 million people in New York City and about 1 million people living in nearby Westchester, Putnam, Ulster, and Orange counties. The combined water supply system includes 19 reservoirs and three controlled lakes with a total storage capacity of approximately 580 billion gallons. The city's Watershed Protection Program is intended to maintain and enhance the high quality of these surface water sources. Review of the New York City Watershed Protection Program assesses the efficacy and future of New York City's watershed management activities. The report identifies program areas that may require future change or action, including continued efforts to address turbidity and responding to changes in reservoir water quality as a result of climate change.
Download or read book Adaptive Markets written by Andrew W. Lo and published by Princeton University Press. This book was released on 2019-05-14 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Download or read book Eau Canada written by Karen Bakker and published by UBC Press. This book was released on 2011-11-01 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the sustainability of our natural resources is increasingly questioned, Canadians remain stubbornly convinced of the unassailability of our water. Mounting evidence suggests, however, that Canadian water is under threat. Eau Canada assembles the country's top water experts to discuss our most pressing water issues. Perspectives from a broad range of thinkers � geographers, environmental lawyers, former government officials, aquatic and political scientists, and economists � reflect the diversity of concerns in water management. Arguing that weak governance is at the heart of Canada's water problems, this timely book identifies our key failings, explores debates over jurisdiction, transboundary waters, exports, and privatization, and maps out solutions for protecting our most important resource.