Work

Pay to protect: Examining the factors of the use of market‐based instruments for local water sustainability

Year: 2022

Type: article

Abstract: Given the myriad of policy instruments aimed at enhancing water quantity conservation available to municipalities, what drives them to opt for a market‐based instrument (MBI)? MBIs can be effective and efficient policy instruments to enhance water quantity conservation, but there is little known about why municipalities utilize them. This study hypothesizes that three contextual elements influence a municipality's use of an MBI: the natural, political, and structural environment. The results from two logistic regression models suggest that in a municipality suffering a higher drought level, both a conservative political environment and operating under a council‐manager form of government (with the effect more pronounced under a non‐council‐manager form) will increase the likelihood that it will use an MBI to address water conservation.

Source: Review of Policy Research

DOI: 10.1111/ropr.12521

Authors: Daniel Benjamin Bailey, Sung‐Wook Kwon, Nathaniel Wright

Institutions: Presbyterian College, Texas Tech University, Rutgers, The State University of New Jersey

Language: English

Topic: Water resources management and optimization

Subfield: Ocean Engineering

Field: Engineering

Domain: Physical Sciences

SDGs: Clean water and sanitation, Sustainable cities and communities, Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $3,050