Water markets
3 important questions on Water markets
Name six instruments to control public water management.
1. Quotas
2. License to use
3. Subsidies
4. Penalties
5. User charges
6. Tradable water rights.
2. License to use
3. Subsidies
4. Penalties
5. User charges
6. Tradable water rights.
Name four primary goals of water pricing.
1. Economic efficiency
2. Environmental sustainability
3. Affordability
4. Financial sustainability
2. Environmental sustainability
3. Affordability
4. Financial sustainability
What are five conditions for well functioning water markets?
1. Well defined and administered water rights.
2. Exchange is easy.
3. Low transaction costs.
4. Monitored and enforced sales and water use.
5. Large number of potential buyers/sellers.
2. Exchange is easy.
3. Low transaction costs.
4. Monitored and enforced sales and water use.
5. Large number of potential buyers/sellers.
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