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An integrated assessment of water markets : Australia, Chile, China, South Africa and the USA

Author: R Quentin Grafton; National Bureau of Economic Research.; et al
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2010.
Series: Working paper series (National Bureau of Economic Research), no. 16203.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three "pillars" of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different water markets; (2) to track performance over time; and (3) to identify ways in which water markets might be adjusted by  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: R Quentin Grafton; National Bureau of Economic Research.; et al
OCLC Number: 650094924
Notes: "July 2010."
Title from http://www.nber.org/papers/16203 viewed July 26, 2010.
Description: 1 online resource (55 p.) : ill.
Series Title: Working paper series (National Bureau of Economic Research), no. 16203.
Responsibility: R. Quentin Grafton ... [et al.].

Abstract:

The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three "pillars" of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different water markets; (2) to track performance over time; and (3) to identify ways in which water markets might be adjusted by informed policy makers to achieve desired goals. The framework is used to identify strengths and limitations of water markets in: (1) Australia's Murray-Darling Basin; (2) Chile (in particular the Limar̕ Valley); (3) China (in particular, the North); (4) South Africa; and (5) the western United States. It identifies what water markets are currently able to contribute to integrated water resource management, what criteria underpin these markets, and which components of their performance may require further development.

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