Abstract
Water policy experts contend that the United States is heading toward a water scarcity crisis in the coming years. Global climate change is likely to make water scarcity much worse in the long run. This article argues that demands of current and projected water management challenges can best be met through a greater reliance on water markets. To facilitate this, water management must shift toward recognition of transferable rights in water that facilitate voluntary exchanges and the market pricing of water resources.
Keywords
Water policy experts contend that the United States is heading toward a water scarcity crisis in the coming years. Global climate change is likely to make water scarcity much worse in the long run. This article argues that demands of current and projected water management challenges can best be met through a greater reliance on water markets. To facilitate this, water management must shift toward recognition of transferable rights in water that facilitate voluntary exchanges and the market pricing of water resources.
Publication Date
2008
Document Type
Article
Place of Original Publication
Regulation
Publication Information
31(4) Regulation14 (2008-2009)
Repository Citation
Adler, Jonathan H., "Warming Up to Water Markets" (2008). Faculty Publications. 512.
https://scholarlycommons.law.case.edu/faculty_publications/512
