The Case for Water Markets as the Best Means for Effective Water Allocation

by Ronald G. Cummings,
R. Peter Terrebonne,



Document Type: Proceeding Paper

Part of: North American Water and Environment Congress & Destructive Water

Abstract:

Water markets have a potential for providing flexible and efficient mechanisms for allocating water among alternative uses. In order for markets to emerge It is necessary for private rights be defined and enforced. But establishing appropriate water rights is complicated by several practical realities.

Subject Headings: Water conservation | Water rights | Business management | Water policy | Water management | Owners | Negotiation

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