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The market and water management reform in Peru

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  • Zegarra Méndez, Eduardo

Abstract

This article examines the unsuccessful attempts made in the 1990s to introduce a market for water in Peru. This reform was thwarted because market operations were identified with water rights privatization, even though a market can perfectly well operate on a basis other than that of private rights, with the State retaining full ownership of the resource. The argument made here is that if these shortcomings were corrected, the creation of a water market would be desirable to improve allocation and management of water and to deal with the increasingly serious difficulties associated with the administration of water access, the lack of investment incentives and serious problems of efficiency and equity. The economic advantages and disadvantages of a water market are analysed, as are the legal and regulatory prerequisites for promoting the kind of market that would really improve water allocation in the increasingly necessary institutional reform of this sector in Peru.

Suggested Citation

  • Zegarra Méndez, Eduardo, 2004. "The market and water management reform in Peru," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    • Handle: RePEc:ecr:col070:11025
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/11025
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    References listed on IDEAS

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    1. Robert A. Young, 1986. "Why Are There So Few Transactions among Water Users?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(5), pages 1143-1151.
    2. Thobani, Mateen, 1997. "Formal Water Markets: Why, When, and How to Introduce Tradable Water Rights," The World Bank Research Observer, World Bank, vol. 12(2), pages 161-179, August.
    3. Hearne, R.R. & Easter, K.W., 1995. "Water Allocation and Water Markets. An Analysis of Gains-from-Trade in Chile," Papers 315, World Bank - Technical Papers.
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    Cited by:

    1. Meeks, Robyn, 2018. "Property Rights and Water Access: Evidence from Land Titling in Rural Peru," World Development, Elsevier, vol. 102(C), pages 345-357.

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