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The debate over privatizing and water markets has moved back and forth for decades between the I and the We perspectives. Rather than either/or, a balanced I&We view of water institutions is needed. West is meeting east in water law. Public interest needs must be satisfied in appropriate decision forums, but marketing may prove a social improvement when used as a supplement. Balancing an I&We institution involves establishing an acceptable or tolerable level of interference through judicious mixing of state, common and private property regimes. Third-party effects are eliminated as mutual gain arises in a variety of decision forums.

Keywords: Property ; Interference ; Water institutions ; Water marketing ; Interdependence

Subject(s): Resource /Energy Economics and Policy

Issue Date: 1993-07

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/15196 Published in: Journal of Agricultural and Applied Economics, Volume 25, Number 1 Page range: 69-83

Total Pages: 15

Record appears in: Southern Agricultural Economics Association (SAEA) > Journal of Agricultural and Applied Economics





Autor: Lynne, Gary D. ; Saarinen, Phyllis

Fuente: http://ageconsearch.umn.edu/record/15196?ln=en







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