The Role of Government in Water Markets

The Role of Government in Water Markets

Author: Vanessa Casado-Perez

Publisher: Taylor & Francis

ISBN: 9781317222705

Category: Law

Page: 251

View: 524

Download Now
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.
The Role of Governments in Markets
Language: en
Pages: 134
Authors: John F. Wilson, Steven Toms, Ian Jones
Categories: Business & Economics
Type: BOOK - Published: 2021-06-01 - Publisher: Routledge

This shortform book presents key peer-reviewed research selected by expert series editors and contextualised by new analysis from each author on government intervention and unexpected consequences in industrial history. With contributions on organisational structure, the quality of corporate governance, protectionism, the shareholder value model, and economic nationalism, this volume provides
Governing the Market
Language: en
Pages: 438
Authors: Robert Wade
Categories: Business & Economics
Type: BOOK - Published: 2018-06-05 - Publisher: Princeton University Press

Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who attributed the success
The Role of Government in Water Markets
Language: en
Pages: 251
Authors: Vanessa Casado-Perez
Categories: Law
Type: BOOK - Published: 2016-12-19 - Publisher: Taylor & Francis

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,
Government Failure
Language: en
Pages: 168
Authors: Wilfred Dolfsma
Categories: Political Science
Type: BOOK - Published: 2013-01-01 - Publisher: Edward Elgar Publishing

'Starting from the idea that market and state are intertwined domains, and explaining the economy as a system of communication evolving through innovation, this excellent book makes a valuable contribution to understanding government rule setting in knowledge-based economies. It provides a taxonomy of ways in which government rules function more
Industrialization, Trade and Market Failures
Language: en
Pages: 227
Authors: Mauricio Mesquita Moreira
Categories: Business & Economics
Type: BOOK - Published: 1995-01-12 - Publisher: Springer

This book challenges the established, neoclassical view of industrial success in developing countries. By re-examining the role of government intervention in the industrialization of Brazil and South Korea, it seeks to show that the key to industrial success does not lie in a simple combination of outward-orientation and laissez-faire, but