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- Title
Three principles for sound water policy.
- Authors
Cowen, Tyler
- Abstract
Three economic principles are often neglected when formulating water policy. First, the quantity of water supplied is of paramount importance for policy not the price of water. Water policy should be judged by how much high-quality water is supplied, not by whether that policy meets some distributional objective. Second, the regulated alternatives for water policy have performed poorly. Regulated monopolies, concessions and government ownership have failed to deliver satisfactory results. Third, the real debate is between regulated and unregulated privatisation, not privatisation versus government ownership. The debate over water policy should move in a more free market direction.
- Subjects
WATER supply management; WATER; ECONOMICS
- Publication
Economic Affairs, 1998, Vol 18, Issue 2, p14
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/1468-0270.00086