Establishing politically feasible water markets: a multi-criteria approach
✍ Scribed by Enrique Ballestero; Silverio Alarcón; Ana Garcı́a-Bernabeu
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 227 KB
- Volume
- 65
- Category
- Article
- ISSN
- 0301-4797
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✦ Synopsis
A multiple criteria decision-making (MCDM) model to simulate the establishment of water markets is developed. The environment is an irrigated area governed by a non-profit agency, which is responsible for water production, allocation, and pricing. There is a traditional situation of historical rights, average-cost pricing for water allocation, large quantities of water used, and inefficiency. A market-oriented policy could be implemented by accounting for ecological and political objectives such as saving groundwater and safeguarding historical rights while promoting economic efficiency. In this paper, a problem is solved by compromise programming, a multi-criteria technique based on the principles of Simonian logic. The model is theoretically developed and applied to the Lorca region in Spain near the Mediterranean Sea.