"The Problem of Reallocation in a Regulated Riparian System" by Wilson Barmeyer
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Publication Date

2005

Abstract

There has been considerable debate over creating a market for water withdrawal permits in Georgia. Water market proponents argue that Georgia currently lacks the tools to reallocate water efficiently and to sustain continued economic growth. Opponents argue that a market is an inappropriate way for Georgia to introduce economic incentives into water management. This Note rejects the dichotomous choice between market and non market institutions. Instead, it presents a range of water reallocation mechanisms and argues that water supply solutions should be tailored to meet specific problems and objectives. Such an approach emphasizes the need for regional planning and management in developing a comprehensive statewide water management plan. Georgia would be best served by moving cautiously in introducing any new system for water rights transfers

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