Water as an economic good: a solution, or a problem?
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International Irrigation Management Institute
International Water Management Institute
International Water Management Institute
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Discusses the potential opportunities and pitfalls of introducing market forces into the process of water allocation. Proposes several preconditions for beneficial privatization of water allocation and argues for a more sophisticated form of analysis than that generally allowed by proponents of basic needs or of free market approaches.
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water resource management, economic aspects, economic analysis, irrigated farming, water rights, pricing, privatization, marginal analysis, water market, water policy