000 01732naa a2200181uu 4500
001 8012816052010
003 OSt
005 20190211163407.0
008 080128s2008 xx ||||gr |0|| 0 eng d
100 1 _aWHITFORD, ANdrew B.
_911328
245 1 0 _aDesigning property rights for water :
_bmediating market, government, and corporation failures
260 _aDordrecht, Netherlands :
_bSpringer,
_cDecember 2007
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 water’s 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
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
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25575
_d25575
041 _aeng