An Economic Evaluation of Property Rights to Groundwater Resources in the State of Texas

by Duane J. Rosa, West Texas State Univ, United States,



Document Type: Proceeding Paper

Part of: Optimizing the Resources for Water Management

Abstract:

The objective of this paper is to evaluate the basis for determination of property rights to groundwater in Texas, and to consider the implications of existing groundwater legislation for the future of the Texas economy. First, the legal development of groundwater legislation is analyzed. Second, groundwater legislation in Texas is examined both in terms of its efficiency and equity in dealing with potential groundwater problems. Finally, the paper concludes with an economic assessment of property rights to groundwater, focusing on economic efficiency and incentives for conservation.

Subject Headings: Legislation | Groundwater | Water resources | Water conservation | Groundwater management | Economic factors | Water rights | Texas | United States

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