Efficient allocation of scarce resources: the role of water markets and trading
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School of Business |
Bachelor's thesis
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Authors
Date
2021
Department
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Mcode
Degree programme
Taloustiede
Language
fi
Pages
29
Series
Abstract
Water scarcity is a global and growing problem. While demand for water is growing, the supply of water is increasingly uncertain due to climate change. Scarce water resources need to be allocated across competing needs and sectors, and current common water allocation mechanisms are inefficient. Water markets, where water users trade property rights to water, have been established in some arid areas of the world as a water management tool to solve these inefficiencies and mitigate scarcity. This thesis reviews existing literature on water markets and trading, focusing on three different aspects: water market mechanisms, issues of water markets, and the impact of water markets.Description
Thesis advisor
Murto, PauliKeywords
water markets, property rights, resource allocation, water trading, market mechanisms