Dynamic Markets for Dynamic Environments
The Case for Water Marketing
Bibliographic Data
| ID | 9685565 |
|---|---|
| Authors | Terry L Anderson (Williams & Associates, corresponding author) |
| Year | 2015 |
| Volume | 144 |
| Issue | 3 |
| Pages | 83-93 |
| Publication date | 2015-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Daedalus (JOURNAL) |
| Journal identifiers | ISSN: 0011-5266 • E-ISSN: 1548-6192 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/daed_a_00344 |
| OpenAlex | W2172857914 |
| Language | EN |
| Citations received | 1 |
| References cited | 6 |
Static models used in economics and ecology ignore dynamic processes at work in both human and natural systems. In the case of water management, whether for quantity or quality, static models fail to connect changing human demands on water systems with changing supplies due to short-run climate variations and long-run climate change. Water markets provide a way of connecting human demands to nature's supplies through prices, which signal values and scarcity. For water markets to make this connection, water rights must be well-defined, enforced, and tradeable. When they are, entrepreneurs are able to meet old and new demands on water ecosystems in novel ways, as examples in this essay illustrate
Business · Climate change · Economics · Ecosystem · Environmental economics · Environmental resource management · Microeconomics · Natural resource economics · Quality (philosophy · Scarcity · Water resources · Water scarcity · Work (physics · Climate Change Policy and Economics · Ecology · Engineering · Water resources management and optimization
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,11 |
| Citation span | 2017 - 2017 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |