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Melding Private and Public Interests in Water Rights Markets

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  • Lynne, Gary D.
  • Saarinen, Phyllis

Abstract

The debate over privatizing and water markets has moved back and forth for decades between the “I” and the “We” perspectives. Rather than either/or, a balanced “I&We” view of water institutions is needed. West is meeting east in water law. Public interest needs must be satisfied in appropriate decision forums, but marketing may prove a social improvement when used as a supplement. Balancing an “I&We” institution involves establishing an acceptable or tolerable level of interference through judicious mixing of state, common and private property regimes. Third-party effects are eliminated as mutual gain arises in a variety of decision forums.

Suggested Citation

  • Lynne, Gary D. & Saarinen, Phyllis, 1993. "Melding Private and Public Interests in Water Rights Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 25(1), pages 69-83, July.
    • Handle: RePEc:cup:jagaec:v:25:y:1993:i:01:p:69-83_01
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    Cited by:

    1. Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit – Der Nobelpreis für Wirtschaft 2009 und seine Bedeutung für die Agrarökonomie," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 59(01), pages 1-6, March.
    2. Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit – Der Nobelpreis für Wirtschaft 2009 und seine Bedeutung für die Agrarökonomie," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 59(1).

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