Alternative structures for water rights markets

@article{Eheart1983AlternativeSF,
  title={Alternative structures for water rights markets},
  author={J. Wayland Eheart and Randolph M. Lyon},
  journal={Water Resources Research},
  year={1983},
  volume={19},
  pages={887-894}
}
This paper examines the design of systems of marketable permits for water consumption from natural watercourses. The most important considerations for the work reported upon here are those associated with (1) uncertainty of future streamflows and economic conditions, (2) locational issues, and (3) efficient and effective functioning of the markets. Particular attention is given to the problem of implementing marketable rights systems in regions presently following the riparian doctorine. In… 

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