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Examining the factors of the use of market-based instruments for local water sustainability

Bibliographic Data

ID4074379
AuthorsDaniel Benjamin Bailey (0000-0001-6575-9999, Presbyterian College, corresponding author), Seok-Woo Kwon (0000-0001-7833-4279, Texas Tech University), Nathaniel Wright (0000-0002-7100-6739, Rutgers, the State University of New Jersey)
Year2023
Volume40
Issue2
Pages207-229
Publication date2023-03-01
Open AccessYes
TypeARTICLE
VenueReview of Policy Research (JOURNAL)
Journal identifiersISSN: 1541-132X • E-ISSN: 1541-1338
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ropr.12521
OpenAlexW4309757164
LanguageEN
Citations received4
References cited66

Given the myriad of policy instruments aimed at enhancing water quantity conservation available to municipalities, what drives them to opt for a market-based instrument (MBI)? MBIs can be effective and efficient policy instruments to enhance water quantity conservation, but there is little known about why municipalities utilize them. This study hypothesizes that three contextual elements influence a municipality's use of an MBI: the natural, political, and structural environment. The results from two logistic regression models suggest that in a municipality suffering a higher drought level, both a conservative political environment and operating under a council-manager form of government (with the effect more pronounced under a non-council-manager form) will increase the likelihood that it will use an MBI to address water conservation

Business · Economics · Environmental economics · Environmental resource management · Government (linguistics · Local government · Logistic regression · Political science · Politics · Public economics · Sustainability · Computer Science · Economic and Environmental Valuation · Local Government Finance and Decentralization · Public Administration · Water resources management and optimization · Ecology · Marketing

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