论文信息 - The Increasing Importance of Water Transfers and the Need for Institutional Reforms

The Increasing Importance of Water Transfers and the Need for Institutional Reforms

Flexibility in the allocative pattern of any scarce resource is highly desirable from the point of view of economic efficiency. The resource can move from lower valued uses to emerging higher valued uses that result from demographic, economic, and public value changes. Naturally it is desirable that this flexibility be accompanied by security of tenure for those holding the resource so that longer term investments will not be endangered. These two attributes make water markets attractive as vehicles for effecting water transfers (Howe, et al, 1986).

C. Howe

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