The Role of Government in Water Markets

Nonfiction, Reference & Language, Law, Natural Resources, Environmental
Cover of the book The Role of Government in Water Markets by Vanessa Casado-Perez, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Vanessa Casado-Perez ISBN: 9781317222699
Publisher: Taylor and Francis Publication: December 19, 2016
Imprint: Routledge Language: English
Author: Vanessa Casado-Perez
ISBN: 9781317222699
Publisher: Taylor and Francis
Publication: December 19, 2016
Imprint: Routledge
Language: English

While water is an increasingly scarce resource, most existing methods to allocate it are neither economically nor environmentally efficient. In these circumstances, water markets offer developed countries a form of regulatory response capable of overcoming many of the shortcomings of current water management.

The debate on water markets is, however, a polarized one. This is mostly a result of the misunderstanding of the roles played by governments in water markets. Proponents mistakenly portrayed them as leaving governments, for the most part, out of the picture. Opponents, in turn, understand commodification of water and administration by public agencies as incompatible. Casado Pérez argues that both sides of the debate overlook that water markets require a deeper and more varied governmental intervention than markets for other goods. Drawing on economic theories of regulation based on market failure, she explains the different roles governments should play to ensure a well-functioning water market, and concludes that only the visible hand of governments can ensure the success of water markets.

Casado Pérez proves her case by examining case studies of California and Spain to assess the success of their water markets. She explores why water markets were more extensively institutionalized in California than in Spain in the first ten years since their introduction and how the role of governments in each case study impacted water market operation.

This unique analysis of governmental roles in water markets, alongside qualitative studies of California and Spain, offers valuable guidance to understand environmental markets and to face the challenges presented by water management in regions with periodical droughts.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

While water is an increasingly scarce resource, most existing methods to allocate it are neither economically nor environmentally efficient. In these circumstances, water markets offer developed countries a form of regulatory response capable of overcoming many of the shortcomings of current water management.

The debate on water markets is, however, a polarized one. This is mostly a result of the misunderstanding of the roles played by governments in water markets. Proponents mistakenly portrayed them as leaving governments, for the most part, out of the picture. Opponents, in turn, understand commodification of water and administration by public agencies as incompatible. Casado Pérez argues that both sides of the debate overlook that water markets require a deeper and more varied governmental intervention than markets for other goods. Drawing on economic theories of regulation based on market failure, she explains the different roles governments should play to ensure a well-functioning water market, and concludes that only the visible hand of governments can ensure the success of water markets.

Casado Pérez proves her case by examining case studies of California and Spain to assess the success of their water markets. She explores why water markets were more extensively institutionalized in California than in Spain in the first ten years since their introduction and how the role of governments in each case study impacted water market operation.

This unique analysis of governmental roles in water markets, alongside qualitative studies of California and Spain, offers valuable guidance to understand environmental markets and to face the challenges presented by water management in regions with periodical droughts.

More books from Taylor and Francis

Cover of the book Knowledge Economies by Vanessa Casado-Perez
Cover of the book The United States and Cuba by Vanessa Casado-Perez
Cover of the book Economics, Rational Choice and Normative Philosophy by Vanessa Casado-Perez
Cover of the book China in The National Interest by Vanessa Casado-Perez
Cover of the book Cinema, Censorship and Sexuality 1909-1925 (Routledge Revivals) by Vanessa Casado-Perez
Cover of the book A Study in the Theory of Inflation by Vanessa Casado-Perez
Cover of the book Colonial Encounter by Vanessa Casado-Perez
Cover of the book Mixed-Race and Modernity in Colonial India by Vanessa Casado-Perez
Cover of the book China and Transboundary Water Politics in Asia by Vanessa Casado-Perez
Cover of the book Introduction to Vocational Rehabilitation by Vanessa Casado-Perez
Cover of the book Governmentality, Biopower, and Everyday Life by Vanessa Casado-Perez
Cover of the book Qualitative Inquiry, Cartography, and the Promise of Material Change by Vanessa Casado-Perez
Cover of the book Medieval Literature for Children by Vanessa Casado-Perez
Cover of the book The Development of Language and Language Researchers by Vanessa Casado-Perez
Cover of the book Handbook of South American Governance by Vanessa Casado-Perez
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy