Transcript
  • 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


Markets and Water

New Media  | 04 de noviembre de 2006  | Vistas: 1360

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



Conferencista

Andrew Morriss is D. Paul Jones Jr. & Charlene Angelich Jones…

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