Grafton, R Quentin; Libecap, Gary; McGlennon, Samuel; Landry, Clay; O'Brien, Bob
This article presents an integrated framework for assessing water markets in terms of their institutional foundations, economic efficiency, and environmental sustainability. This framework can be a tool for (a) comparing different water markets, (b) tracking performance over time, and (c) identifying ways in which water markets might be adjusted by policy makers to achieve desired goals. The framework is used to identify the strengths and limitations of five water markets: (a) Australia�s...[Show more]
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.