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This paper proposes a novel mechanism for reallocating temporary water flows or permanent water rights. The All-in-Auction (AiA) increases efficiency and social welfare by reallocating water without harming water rights holders. AiAs can be used to allocate variable or diminished flows among...
Persistent link: https://www.econbiz.de/10013069428
Managers of public water companies present themselves and are seen as public servants maximizing public welfare. Because water is rarely allocated through market mechanisms, this maximization requires that managers cooperate in a bureaucratic version of a social dilemma. Members of the...
Persistent link: https://www.econbiz.de/10013115012
Water scarcity turns into shortage when water supplies are mismatched with user demands. After clarifying the different social and private uses of water, I explain how to use prices to allocate treated (``utility'') water among municipal and industrial users and untreated (``raw'') water among...
Persistent link: https://www.econbiz.de/10012848264
The transformation of water services that began with the privatisation of water companies in 1989 extended to households with the implementation of water metering. Meters 'privatised' water and the cost of provision by allocating to individual households costs that had previously been shared...
Persistent link: https://www.econbiz.de/10012999518
Water meters are necessary for tracking leaks, using prices to encourage conservation, and allocating costs in proportion to use. They are not necessary when water is abundant or costs are covered by taxes or transfers. This paper discusses the move to residential water metering in England and...
Persistent link: https://www.econbiz.de/10013007011
[PhD Dissertation] The Metropolitan Water District of Southern California (MET), a cooperative of retail and wholesale water utilities, serves 18 million people. This case study explains how MET - as a cooperative - is inefficient and how its member agencies suffer from this inefficiency. I show...
Persistent link: https://www.econbiz.de/10014218340
We discuss the impact of corruption as a contributing factor to "land grabs" in SSA and examine land grab deals by country pairs to identify which deals may be grabs and which may be normal FDI. Most deals are made by corrupt selling countries but buying countries vary in their corruption,...
Persistent link: https://www.econbiz.de/10014172534
Economic theories and tools provide only partial insight into the many complexities affecting various uses and flows of water. To usefully teach water economics, it is therefore necessary to understand and cooperate with other disciplines. Many economic concepts can be used to understand...
Persistent link: https://www.econbiz.de/10014081391