A typology of water market intermediaries

Möller-Gulland, Jennifer; Donoso, Guillermo

doi:10.1080/02508060.2016.1245598

Cited by 5 publications

(4 citation statements)

References 24 publications

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“…When we looked at the resilient water markets in China, we could not identify any necessary conditions. This contradicts some findings in the water market literature, where private ownership of water rights [33] and strong intermediary have been recognized as necessary conditions attributing to a resilient water market [29]. Our findings prove that they are unnecessary but sufficient conditions and have to operate with other conditions to achieve a positive outcome.…”

Section: Discussioncontrasting

confidence: 99%

“…However, their constituent configurations have yet to be identified. For instance, as a market intermediary is a crucial building block initiating water trading [29], would it be better to switch from bulletin boards to water banks to safeguard water market functions in a water stress period? From a configurational perspective, the water market framework is multidimensional and complex, and the effect of a strong intermediary depends on the presence or absence of one or several other factors [30].…”

Section: Defining Water Market Resilience In Social-ecological Systemsmentioning

confidence: 99%

“…A water market's capacity also relies heavily on its physical attributes, i.e., the extent to which the hydraulic infrastructure can integrate a water body [49], implying the significance of strong intermediaries capable of investment, contract provision, and insurance to cover trading. There are various types of market intermediaries throughout the world [29]. However, among those, water banks' influence is much stronger than that of the other types owing to their capacity to stock and transfer water.…”

Section: Market Intermediariesmentioning

confidence: 99%

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Resilient or Not: A Comparative Case Study of Ten Local Water Markets in China

Liu

Zhang

2018

Sustainability

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Despite the global expansion of water markets, their resilience has received little scholarly attention, even though they are vulnerable to external and internal disturbances. Since the 1990s, the water market has been actively promoted by China as an important institutional coordination mechanism for efficient water use. This article examines what contextual factors, in configurations, contribute to the resilience of water markets in China. We distinguish between resilient and factitious water markets as two outcome variables and distil four conditions from market environmentalism to explain the variance in their outcomes: ownership of water entitlements, market intermediaries, water pricing, and spot/forward trade categories. Using crisp-set qualitative comparative analysis (csQCA), we analyzed seven resilient and three factitious water markets in China. Our findings show that a water market’s framework is multidimensional and complex and that no necessary conditions contribute to resilience. Two sufficient solutions display the configurational complexity of water markets’ resilience. Path 1 includes strong intermediary, uncompetitive price, and forward water trade. Path 2 includes privatization of water entitlements, spot contracts, and competitive pricing. Weak intermediary together with forward water trade determines factitious water markets. The QCA results reveal that there exist multiple paths that a resilient water market can follow and develop. Therefore, policymakers must be cautious about pushing for water market indiscriminately, especially by over-privatization and unlimited investment in water banks.

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Section: Discussioncontrasting

confidence: 99%

Section: Defining Water Market Resilience In Social-ecological Systemsmentioning

confidence: 99%

Section: Market Intermediariesmentioning

confidence: 99%

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Resilient or Not: A Comparative Case Study of Ten Local Water Markets in China

Liu

Zhang

2018

Sustainability

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“…Hadjigeorgalis y Bjornlund agregan considerar el no uso del agua. Se recomienda disminuir los costos de transacción, disminuir efectos a terceros y las externalidades ambientales 41 , mejorar los fl ujos de información y promover los intermediarios de mercados de agua 42 , generar una sólida organización empresarial y social de los agricultores para enfrentar problemas que ni el mercado ni el Estado puedan resolver 43 , entre otras propuestas.…”

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