The Water Transfer Process as a Management Option for Meeting Changing Water Demands, Vol. I.

MacDonnell, Lawrence J.

doi:10.2139/ssrn.2694081

Cited by 42 publications

(23 citation statements)

References 33 publications

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“…Colby (1990) found, for instance, that TC were about 12% of prices paid in Colorado compared to 6% in Utah and New Mexico. MacDonnell, Howe, and Rice (1990) found similar patterns. Time delays to achieve formal approval of a water right transfer also are much higher than in neighboring states (Colby 1990; MacDonnell, Howe, and Rice 1990).…”

mentioning

confidence: 70%

Water Trading: Innovations, Modeling Prices, Data Concerns

Colby

Isaaks

2018

Contemporary Water Research

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This article examines policy innovations and data concerns related to water trading in Colorado, and develops econometric models of transactions occurring over two distinct time periods. The Punctuated Equilibrium Theory (PET) of policy adaptation is used to examine shifts in Colorado water trading policy paradigms. Creating better policy frameworks for water trading is a key concern for agricultural, urban, and environmental water interests, given hotter temperatures and more variable precipitation patterns in the western U.S. Contractual arrangements of varying types are being used to engage farmers in providing reliable water supplies for ecosystem and urban needs through changes in farm water use practices. While various pieces of information about changes in water use can be gleaned from public databases, transaction price information is notably lacking. Recent Colorado policy innovations related to water trading emphasize reducing on‐farm consumptive use and making water available for other purposes without permanently drying up irrigated cropland. The use of econometric models analyzing water rights transactions provides insight into how changes in key external factors affect transaction prices. The econometric models developed here focus upon Colorado’s urbanizing Front Range and examine the effect of demographics, housing prices, drought indicators, and agricultural profitability on prices at which water is traded. Volume traded, drought measures, housing prices, alfalfa prices, and water source characteristics are statistically significant in these models. The article concludes by discussing factors that contribute to water trading policy innovations and the broader relevance of Colorado’s innovative trading arrangements to water management challenges in arid regions.

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confidence: 70%

Water Trading: Innovations, Modeling Prices, Data Concerns

Colby

Isaaks

2018

Contemporary Water Research

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“…Objections to trades can be lodged and the burden of proof of impairment rests with the applicant. The regulatory process and the costs associated with it vary across states, in part because the 'no harm' mandate is deñned differently (Colby et al, 1989;Colby, 1990;MacDonnell, 1990;Thompson, 1993;704-705). If water is not used beneficially, the right may lapse under the doctrine of abandonment.…”

Section: Water Rights In Westem Usamentioning

confidence: 99%

Comparative assessment of water markets: insights from the Murray–Darling Basin of Australia and the Western USA

et al. 2011

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Water markets in Australia's Murray-Darling Basin (MDB) and the westem USA are compared in terms of their ability to allocate scarce water resources. The study finds that the gains from trade in the MDB are worth hundreds of millions of dollars per year (note that all monetary units of dollars in this article are treated as US$ because Australians are converted at par). Total market turnover in water rights exceeds US$2 billion per year while the volume of trade exceeds over 20% of surface water extractions. In Arizona, California, Colorado, Nevada and Texas, trades of committed water annually range between 5 and 15% of total state freshwater diversions with over US$4.3 billion (2008 US$; monetary units in dollars are expressed in their value in US$ in 2008) spent or committed by urban buyers between 1987 and 2008. The two-market comparison suggests that policy attention should be directed towards ways of promoting water trade while simultaneously mitigating the legitimate third party concerns about how and where water is used, especially in conflicts between consumptive and in situ uses of water. The study finds that institutional innovation is feasible in both countries and that further understanding about the size, duration and distribution of third party effects from water trade and how these effects might be regulated, can improve water markets' ability to manage water scarcity better.

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“…Many policy instruments were used during this time, allowing for observation of consumer behavior to various policy instruments. Analyses of consumer behavior have been conducted for the communities of Santa Barbara and Goleta, selected for their differing policy regimes and socio-economic characteristics (MacDonnell 1990). Both communities used increasingly strict price and non-price policies to reduce demand.…”

Section: Price and Non-price Restrictions On Water Usementioning

confidence: 99%

Energy and water sector policy strategies for drought mitigation.

Kelic¹,

Vugrin²,

Loose³

et al. 2009

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Tensions between the energy and water sectors occur when demand for electric power is high and water supply levels are low. There are several regions of the country, such as the western and southwestern states, where the confluence of energy and water is always strained due to population growth. However, for much of the country, this tension occurs at particular times of year (e.g., summer) or when a region is suffering from drought conditions. This report discusses prior work on the interdependencies between energy and water. It identifies the types of power plants that are most likely to be susceptible to water shortages, the regions of the country where this is most likely to occur, and policy options that can be applied in both the energy and water sectors to address the issue. The policy options are designed to be applied in the near term, applicable to all areas of the country, and to ease the tension between the energy and water sectors by addressing peak power demand or decreased water supply.3 ACKNOWLEDGEMENTS

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The Water Transfer Process as a Management Option for Meeting Changing Water Demands, Vol. I.

Cited by 42 publications

References 33 publications

Water Trading: Innovations, Modeling Prices, Data Concerns

Water Trading: Innovations, Modeling Prices, Data Concerns

Comparative assessment of water markets: insights from the Murray–Darling Basin of Australia and the Western USA

Energy and water sector policy strategies for drought mitigation.

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