2015
DOI: 10.1111/agec.12163
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An endogenous growth model for the evolution of water rights systems

Abstract: This article presents a model to help explain the transition path from one water management system to another, typically a commons framework to one of tradable permit-based property rights. Furthermore, drawing from transaction cost literature, the model demonstrates how this takes place when externalities (the strain on water resources) become severe enough to warrant the increased transaction costs inherent with more complex water rights management frameworks.JEL classifications: H410, K110, O110, O130, O423… Show more

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Cited by 2 publications
(1 citation statement)
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“…First, with regards to the river (water) itself, decisionmaking and management around water rights allocation are complex and highly dependent on national and local legislation (Costa 2015;Richter et al 2020;Wang et al 2009). However, there are several common examples of processes that directly impact access and control of people to river resources and services, e.g.…”
Section: Access and Control To Lri Resources And Ecosystem Servicesmentioning
confidence: 99%
“…First, with regards to the river (water) itself, decisionmaking and management around water rights allocation are complex and highly dependent on national and local legislation (Costa 2015;Richter et al 2020;Wang et al 2009). However, there are several common examples of processes that directly impact access and control of people to river resources and services, e.g.…”
Section: Access and Control To Lri Resources And Ecosystem Servicesmentioning
confidence: 99%