Liberal Theoretical Foundation for Government Intervention in the Water Market, Government Failure and Government Institutions in the Murray Darling Basin

2011 ◽  
Author(s):  
Vinoli Thampapillai
Keyword(s):  
Theoretical Foundation ◽  
Government Intervention ◽  
Water Market ◽  
Government Failure ◽  
Government Institutions ◽  
Murray Darling Basin

scholarly journals Understanding the emergence of water market institutions: learning from functioning water markets in three countries

Water Policy ◽  
2018 ◽  
Vol 20 (6) ◽  
pp. 1075-1091 ◽  
Author(s):  
Gustavo Velloso Breviglieri ◽  
Guarany Ipê do Sol Osório ◽  
Jose A. Puppim de Oliveira
Keyword(s):  
Economic Theory ◽  
Water Policy ◽  
Water Rights ◽  
Water Markets ◽  
Water Market ◽  
Market Institutions ◽  
Murray Darling Basin ◽  
Significant Difference ◽  
Management Of Resources ◽  
The Usa

AbstractMarkets for managing natural resources have existed for many decades and have gradually made their way into the mix of discourses on water policy. However, there are not many established water markets functioning worldwide and little understanding about how and why water markets emerge as allocating institutions. In order to understand the dynamics of the evolution of water markets, the experiences of selected cases with relatively mature water market systems were analyzed, namely: the Murray–Darling Basin in Australia; the Colorado-Big Thompson Project and the transfers between the Palo Verde and Metropolitan Water Districts in the USA; and Spain. We found that formal markets emerged in water scarcity situations where water rights already existed and were sometimes exchanged informally. Water markets have not always moved to reduce transaction costs, as some of those costs were necessary to achieve societal goals beyond economic efficiency. There is a significant difference between the idea of water markets as proposed by economic theory and actual practice in the water sector. As institutions, markets are humanly devised rules embedded in a social and political context and do not always lead to efficient or effective solutions for the management of resources.

scholarly journals The Impact of Water and Soil Salinity on Water Market Trading in the Southern Murray–Darling Basin

2016 ◽  
Vol 02 (01) ◽  
pp. 1650004 ◽  
Author(s):  
Juliane Haensch ◽  
Sarah Ann Wheeler ◽  
Alec Zuo ◽  
Henning Bjornlund
Keyword(s):  
Surface Water ◽  
Spatial Databases ◽  
Water Market ◽  
Groundwater Salinity ◽  
Dryland Salinity ◽  
Market Prices ◽  
Murray Darling Basin ◽  
Salinity Water ◽  
The Impact ◽  
Over Time

Irrigators in the Murray–Darling Basin (MDB) of Australia face a salinity triple threat, namely: dryland salinity, surface-water, and groundwater salinity. Water trading has now been adopted to the point where it is a common adaptation tool used by the majority of irrigators in the Basin. This study uses a number of unique water market and spatial databases to investigate the association between the severity and extent of areas which suffer from salinity and permanent trade over time, holding other regional characteristics constant. It was found that larger volumes of permanent water were likely to be sold from areas suffering from higher dryland salinity. In addition, increases in the concentration of groundwater salinity was found to decrease volumes of surface-water entitlements sold, providing evidence that groundwater entitlements (where they are viable substitutes) have been increasingly used as substitutes for surface-water entitlements in recent years. Other key influences on water sales included water market prices and net rainfall.

Government Intervention in Globalization

2008 ◽  
Author(s):  
Carlos M. Peláez ◽  
Carlos A. Peláez
Keyword(s):  
Government Intervention

Concatenation of Circumstances or Historical Regularity?

2009 ◽  
pp. 75-84
Author(s):  
V. Popov
Keyword(s):  
Transition Economies ◽  
Government Expenditure ◽  
Previous History ◽  
Shock Therapy ◽  
Economic Liberalization ◽  
Institutional Capacity ◽  
Government Failure ◽  
Stage Of Development ◽  
Optimal Policies ◽  
Cis Countries

Why have many transition economies succeeded by pursuing policies which are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of countries of Central Europe? First, optimal policies are context dependent, they are specific for each stage of development and what worked in Slovenia cannot be expected to work in Mongolia. Second, even for the countries with the same level of development reforms that are necessary to stimulate growth are different; they depend on the previous history and on the path chosen. The reduction of government expenditure as a share of GDP did not undermine significantly the institutional capacity of the state in China, but in Russia and other CIS countries it turned out to be ruinous. The art of the policymaker is to create markets without causing government failure, as happened in many CIS countries.

Implications

2017 ◽  
Author(s):  
Karl Widerquist ◽  
Grant S. McCall
Keyword(s):  
Property Rights ◽  
The State ◽  
Natural Property ◽  
Government Failure ◽  
State Of Nature ◽  
Best Response ◽  
Lockean Proviso ◽  
Definition Of ◽  
Taking Action ◽  
Disadvantaged People

Earlier chapters of this book found that the Hobbesian hypothesis is false; the Lockean proviso is unfulfilled; contemporary states and property rights systems fail to meet the standard that social contract and natural property rights theories require for their justification. This chapter assesses the implications of those findings for the two theories. Section 1 argues that, whether contractarians accept or reject these findings, they need to clarify their argument to remove equivocation. Section 2 invites efforts to refute this book’s empirical findings. Section 3 discusses a response open only to property rights theorists: concede this book’s empirical findings and blame government failure. Section 4 considers the argument that this book misidentifies the state of nature. Section 5 considers a “bracketing strategy,” which admits that observed stateless societies fit the definition of the state of nature, but argues that they are not the relevant forms of statelessness today. Section 6 discusses the implications of accepting both the truth and relevance of the book’s findings, concluding that the best response is to fulfil the Lockean proviso by taking action to improve the lives of disadvantaged people.

Corporate Governance and Performance of Organizations

2018 ◽  
Vol 9 (5) ◽  
pp. 439-446
Author(s):  
Hamid Ait lemqeddem ◽  
◽  
Mounya Tomas ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Theoretical Foundation ◽  
Quantitative Approach ◽  
Governance Practices ◽  
Deductive Method ◽  
Private And Public ◽  
Is Theory ◽  
And Performance ◽  
Do So

There is renewed interest in the need to focus on corporate governance in an environment where it is a performance imperative for all small and large organizations, private and public, beginner or established.The purpose of this study is to demonstrate the place of corporate governance practices in organizations to ensure that the board, officers, and directors take action to protect shareholder interests and all stakeholders. It is important to focus on the effect of these practices on improving performance and competitiveness. To do so, we opted for the hypothetico-deductive method with a quantitative approach. Our theoretical foundation is theory is agency theory.

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