Premium
Privatization Versus Groundwater Central Management
Author(s) -
Bruggink ThomasH
Publication year - 1992
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1992.tb03348.x
Subject(s) - property rights , groundwater , business , scarcity , work (physics) , common pool resource , plan (archaeology) , natural resource , resource (disambiguation) , water resource management , natural resource economics , environmental planning , economics , environmental science , political science , law , geography , market economy , engineering , microeconomics , computer science , mechanical engineering , computer network , geotechnical engineering , archaeology
A bstract A group of free market natural resource economists argue that the current system of limited property rights for groundwater users should be replaced by a new system of freely transferable property rights This, they contend, would provide the more efficient allocation of groundwater resources and help alleviate the water scarcity problem in the United States Their case for privatization is critically appraised Groundwater hydrology , common property, contamination , and other third party effects are examined to determine the set of circumstances under which privatization would work best The following alternatives to the full privatization plan are also examined central management, legal reform , and “French style” privatized management of water systems