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Melding Private and Public Interests in Water Rights Markets

Published online by Cambridge University Press:  28 April 2015

Gary D. Lynne  and
Phyllis Saarinen
Gary D. Lynne
Affiliation:
University of Florida, Gainesville
Phyllis Saarinen
Affiliation:
University of Florida, Gainesville
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Abstract

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

propertyinterferenceinterdependencewater institutionswater marketing
Type
Invited Papers and Discussions
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 1 , July 1993 , pp. 69 - 83
Copyright
Copyright © Southern Agricultural Economics Association 1993

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