|Author:||Henderson, J. ; Akers, M.|
|Book Group Author:||NA|
This paper explores how water markets in the USA affect both water right holders and their rural communities. The first section describes how drought and water demand are straining existing water resources. The second section details how the emerging water markets transfer rights for water from rural to urban use. The third section examines the economic effects of water markets on rural communities. The paper concludes that other mechanisms, in combination with water markets, may be needed to improve the efficiency of water allocation and compensate the rural communities for lost economic activity.
|Pages:||97 - 117|
|Journal:||Economic Review (Kansas City)|
economic impact, irrigation water, markets, rural areas,rural communities, rural economy, water allocation, water rights, wateruse, USA, North America, America, Developed Countries, OECD Countries,United States of America, Agricultural Economics (EE110), NaturalResource Economics (EE115) (New March 2000), Soil Water Management(Irrigation and Drainage) (JJ800) (Revised June 2002) [formerly SoilWater Management], Water Resources (PP200)