Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53240
Authors: 
Ansink, Erik
Marchiori, Carmen
Year of Publication: 
2009
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 126.2009
Abstract: 
We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water, and an exogenous ordering of these sectors. We apply sharing rules, based on bankruptcy rules, to reallocate water, which complements other approaches to the reallocation of water rights, including those based on water markets. Our approach is illustrated using an application to water reallocation in Cyprus, where reallocation of water rights has been recognised as an essential step towards good water governance and one of the main challenges for current water policies.
Subjects: 
Water Reallocation
Sequential Sharing Rule
Water Scarcity
Axiomatic Approach
Cyprus
JEL: 
D63
D71
Q25
Document Type: 
Working Paper

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