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008 | 080128s2008 xx ||||gr |0|| 0 eng d | ||
100 | 1 |
_aWHITFORD, ANdrew B. _911328 |
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245 | 1 | 0 |
_aDesigning property rights for water : _bmediating market, government, and corporation failures |
260 |
_aDordrecht, Netherlands : _bSpringer, _cDecember 2007 |
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520 | 3 | _aRecent decades have seen an acceleration in public concern about the allocation of increasingly scarce water supplies. There are many reasons for this concern, such as growth in urban populations. In this article, we focus on how surface waters special qualities (the combination of spillovers, rent-seeking behavior, and common pool resources) complicate the assignment of property rights in any legal framework. These characteristics make specific market structures necessary in order to efficiently allocate rights. The state usually designs those structures. Yet, just like markets can fail, so can governments fail to effectively allocate those rights. So designers often turn to quasi-judicial conservancy boards as a second-best solution. We argue that those boards may themselves fail through a form of corporation failure. We address these three types of failures, and offer an analysis of two cases that suggests that the likelihood conservancy boards will suffer from corporate failure depends on the actions of the boards and outside stakeholders (like governments) | |
700 | 1 |
_aCLARK, Benjamin Y _933552 |
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773 | 0 | 8 |
_tPolicy Sciences _g40, 4, p. 335-351 _dDordrecht, Netherlands : Springer, December 2007 _xISSN 00322687 _w |
942 | _cS | ||
998 |
_a20080128 _b1605^b _cTiago |
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_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c25575 _d25575 |
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041 | _aeng |