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  • Title: Establishing politically feasible water markets: a multi-criteria approach.
    Author: Ballestero E, Alarcón S, García-Bernabeu A.
    Journal: J Environ Manage; 2002 Aug; 65(4):411-29. PubMed ID: 12369403.
    Abstract:
    A multiple criteria decision-making (MCDM) model to simulate the establishment of water markets is developed. The environment is an irrigated area governed by a non-profit agency, which is responsible for water production, allocation, and pricing. There is a traditional situation of historical rights, average-cost pricing for water allocation, large quantities of water used, and inefficiency. A market-oriented policy could be implemented by accounting for ecological and political objectives such as saving groundwater and safeguarding historical rights while promoting economic efficiency. In this paper, a problem is solved by compromise programming, a multi-criteria technique based on the principles of Simonian logic. The model is theoretically developed and applied to the Lorca region in Spain near the Mediterranean Sea.
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