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Governing Access to Essential Resources$
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Katharina Pistor and Olivier De Schutter

Print publication date: 2015

Print ISBN-13: 9780231172783

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231172783.001.0001

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Go with the Flow

Go with the Flow

Lessons From Water Management and Water Markets for Essential Resources

Chapter:
(p.237) Chapter 11 Go with the Flow
Source:
Governing Access to Essential Resources
Author(s):

Vanessa Casado-Pérez

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231172783.003.0011

Cassado-Pérez investigates water markets and, like Dagan, suggests that the market mechanism can be put to use for allocating scarce water resources as long as it is properly governed. Her empirical evidence is drawn primarily from developed market economies – California and Western Europe. There, priorities for water usage are determined ex ante and incorporated in legislation that governs both primary water allocations and secondary markets where water rights can be traded. Further, these jurisdictions benefit from a legacy of reasonably well functioning legal institutions that can be employed for determining specific rights to water and ensuring their enforcement.

Keywords:   water markets, water governance, scarcity, allocation practices

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