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Unformatted text preview: 1 Section Notes Week 13 Outline Key Concepts Announcements Riparian rights Water Rights Prior appropriation rights Water tech adoption Queuing System Queuing system vs. Markets Conveyence cost Water Rights Riparian rights The right to use/divert water is granted to land holders near the source (river). The amount of water you’re allowed is based on how much land you have along the river. These rights are not transferrable: while water can be divied up among the land holders on the river up and downstream, water cannnot be transferred outside the watershed. Prior appropriation rights The right to use/divert water is granted to the first person to establish “beneficial use”. These are senior rights holders. Folks that come later get what’s left, as junior rights holders. Basically, it’s first-come, first-serve; or in legal jargon: “ first in time, first in right ”. On top of that, the right is based on the level of consumption – if water is not being used then you don’t have the right to that which you weren’t using before. In that way, the right is also “ use it or lose it ”. The right can be sold, although typically must be approved by other members within the same water district. Water districts The real entity when it comes to water allocation are water districts, which are a governmental agency set-up to govern water-use within a watershed or set of watersheds. Most trade in water occurs within water districts, as both the rights and the water are more easily transferred. Trading water between districts can be done, is predominantly restricted to districts along a major canal (in California there are two major canals running North-South through the central valley, the State Water Project and the (federal) Central Valley Project) and is usually quite contentious....
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- Spring '09
- Supply And Demand, Transaction cost, State Water Project