In the image of the market: The Chilean model of water resources management

Research output: Contribution to journalArticle

31 Citations (Scopus)

Abstract

Chile's free-market Water Code turned 20 years old in October 2001. This anniversary was an important milestone for both Chilean and international debates about water policy, because Chile has become the world's leading example of the free-market approach to water law and economics and water resources management - the textbook case of treating water rights, not merely as private property, but also as a fully marketable commodity. This approach is often referred to as the 'Chilean model'. This paper summarises key aspects of the Chilean experience since 1981, in order to draw lessons for international discussions about how to reform water laws, policies, and economics. The Chilean model of water resources management shows the need for a more institutional and interdisciplinary approach to the economics of water.

Original languageEnglish (US)
Pages (from-to)146-165
Number of pages20
JournalInternational Journal of Water
Volume3
Issue number2
DOIs
StatePublished - 2005
Externally publishedYes

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water
market
management
resources
economics
Chile
interdisciplinary approach
textbook
commodity
private property
Law
water resources management
anniversary
reform
experience
policy

Keywords

  • Chile
  • International water policy reform
  • Water economics
  • Water law
  • Water markets
  • Water rights

ASJC Scopus subject areas

  • Ecology
  • Environmental Science(all)
  • Water Science and Technology

Cite this

In the image of the market : The Chilean model of water resources management. / Bauer, Carl.

In: International Journal of Water, Vol. 3, No. 2, 2005, p. 146-165.

Research output: Contribution to journalArticle

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