Water Markets, Licenses, and Conservation: Some Implications

摘要: While water markets have long been advocated as a tool for both enhancing use efficiency and enabling conservation purchases, their interaction with rights licenses has little studied. It is shown that when are not tradable, using spot to secure needs may harm some users. Ironically, while market enhances the of use, it also increase cost purchases. Further, self-funding program, where volumetric license carrying charges pay creates transfer from junior users senior