Keywords
integrated modeling, water leasing, water markets
Abstract
Explosive population growth coupled with stable or decreasing water supplies has often led to stress upon already over-allocated watersheds in the western United States. Water markets that allow the temporary transfer (i.e., lease) of a water right are a possible mechanism to provide flexibility to water managers to fulfill water demands in these over-allocated watersheds. This paper addresses the need for an integrated (hydrologic and economic) model to examine the feasibility of a water leasing market. We propose a five stage procedure to designing and implementing a real time water leasing market.
Digital Object Identifier (DOI)
https://doi.org/10.1111/j.1936-704x.2010.00074.x
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