| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Institutional Impediments to Groundwater Trading: the case of the Gnangara groundwater system of Western Australia
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| Autores: |
Skurray, James H.
Pandit, Ram
Pannell, David J.
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| Data: |
2011-11-14
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| Ano: |
2011
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| Palavras-chave: |
Agricultural and Food Policy
Environmental Economics and Policy
Institutional and Behavioral Economics
Land Economics/Use
Political Economy
Public Economics
Resource /Energy Economics and Policy
Q15
Q25
Q28
Q38
Q56
Q57
Q58
D02
R52
H41
H23
H11
D23
D47
D78
H44
|
| Resumo: |
The development of a market in groundwater usage rights can be inhibited by constraints arising from the institutional context. Such impediments may reduce the potential gains from trade and may generate high transaction costs for prospective traders. We analyse the regulations and policies influencing groundwater transfers in a case-study area -- the Gnangara groundwater system around Perth, Western Australia -- and identify significant impediments to a groundwater market. Property rights are found to be conditional, temporary, and vulnerable to amendment. Regulatory approval is required for all transfers. Facilitating infrastructure is lacking, and price information is unavailable. Management area boundaries reflect land ownership and use rather than hydrogeological realities; the limitation of transfers to within these boundaries eliminates much of the potential for gains from trade. Over-allocation and weak monitoring also impede the development of a market. The current management system is likely to obscure unmet demand for water-rights transfers between users and usage-types.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/117825
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| Relação: |
University of Western Australia, School of Agricultural and Resource Economics>Working Papers
Working Paper
WP1113
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| Formato: |
36
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