00:01    |    
Initial credits
00:26    |    
Introduction
00:41    |    
Environmental problems with water
Unavailability of water for human use
Environmentally damaging uses
Absence of water for environmental uses
Poor quality of water
01:54    |    
Economic problems of water
Price of water
Wasteful water uses
Transferable water rights
Incentive to invest in supplying water 
Price of water quality
10:47    |    
Water markets: Solution to environmental and economic problems
Low cost signal mechanisms
Information needed for government planning
Inexpensive transmission of information
Relative scarcity
Engaging in complex transactions
Dynamic signal mechanisms
Incentive to create new knowledge
Incentives to develop new technologies
Invest in new sources of water
Efficient use of resource
The real price of water
Diverse ends
Disadvantages of political discretion
42:39    |    
Solution of water problems
Unavailability for human use
Environmentally damaging uses
Absence of water for environmental uses
Poor water quality
46:56    |    
References
48:03    |    
Questions
Why do farmes have so much influence in the US Congress?
How can Guatemala open a market for water distribution?
How can investing in Water Desalinization technology reduce water scarcity?
Comment: Regulation of water pricing for industrial and agricultural use
Water consumption for household use
Access to private water markets
01:04:30    |    
Conclusions
01:07:10    |    
Final credits



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Markets and Water

04 de noviembre de 2006   | Vistas: 1357 |  

About this video

The environmental and economic problems of water are: Unavailability for human use, environmentally damaging uses, absence for environmental uses, economically wasteful uses, and poor quality. Water Markets solve these problems by creating low cost signal mechanisms, dynamic signal mechanisms, incentives to create new knowledge, and tolerate diverse ends. The main criticisms for Water Markets are the existence of externalities, natural monopolies, and poverty.


Para ver la versión en español Los mercados y el agua

Credits

Markets and Water
Seminary "Human Nature: Destructive or Creative?"
Andrew Morriss

Business School EN-601
Universidad Francisco Marroquín
Guatemala, November 4, 2006
A New Media - UFM production. Guatemala, November 2006

Translation: Gretel de Ippisch; camera: Sergio Miranda, Alexander Arauz; digital editing: Alexander Arauz; index: Christiaan Ketelaar; text reviser: Katty Schellenger; GML: Pedro David España



Andrew Morriss is D. Paul Jones Jr. & Charlene Angelich Jones Chairholder of Law at The University of Alabama School…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín