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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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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 18 September 2021

Go with the Flow

Go with the Flow

Lessons From Water Management and Water Markets for Essential Resources

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

Vanessa Casado-Pérez

Columbia University Press

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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