Governing Water: The Semicommons of Fluid Property Rights

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Governing Water: The Semicommons of Fluid Property Rights

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dc.contributor.author Smith, Henry Edward
dc.date.accessioned 2010-12-22T13:38:19Z
dc.date.issued 2008
dc.identifier.citation Henry E. Smith, Governing Water: The Semicommons of Fluid Property Rights, 50 Arizona Law Review 445 (2008). en_US
dc.identifier.uri http://nrs.harvard.edu/urn-3:HUL.InstRepos:4633011
dc.description.abstract This Article applies an information-cost theory of property to water law. Because of its fluidity, exclusion is difficult in the case of water and gives way to rule of proper use, i.e., governance regimes. Looking at water through this lens reveals that prior appropriation employs more governance and riparianism rests more on a foundation of exclusion than is commonly thought. The development of increasing amounts of exclusion and governance are both compatible with a broadly Demsetzian account that is sensitive to the nature of the resource. Moreover, hybrids between prior appropriation and riparianism are not anomalous. Exclusion strategies based on boundaries and quantification allow for rights to be formal and modular, but this approach is particularly challenging in the case of water and other fugitive resources. The challenges of exclusion that water and other fugitive resources present often lead to a semicommons in which elements of private and common property both coexist and interact. en_US
dc.language.iso en_US en_US
dc.relation.isversionof http://www.arizonalawreview.org/ALR2008/VOL502/Smith%20FINAL.pdf en_US
dash.license OAP
dc.title Governing Water: The Semicommons of Fluid Property Rights en_US
dc.type Journal Article en_US
dc.description.version Version of Record en_US
dc.relation.journal ARIZONA LAW REVIEW en_US
dash.depositing.author Smith, Henry Edward
dc.date.available 2010-12-22T13:38:19Z

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