Water Trading: Locational Water Rights, Economic Efficiency, and Third-Party Effect
Rivers flow downstream and unidirectionally. However, this fact has not yet been utilized in the institutional design for water trading. By utilizing this characteristic, we first designed a water trading system of “locational water rights.” This new system is able to mitigate the return flow-relate...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2014-03-01
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| Series: | Water |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2073-4441/6/3/723 |