Study On Construction And Management Of Water Right Transfer Market

Under the dual background of serious water resource scarcity and water rights systemreform, water rights transfer is the new practice of water rights theory to optimize theallocation of water resources in water shortage region. Its successful implementation caneffectively promote water-saving in agriculture and will contribute to solve water shortageproblems in industrial development, and will be propitious to the coordinated development ofeconomy, society and resources. Although the tentative exploration has got many benefits,there are many problems in practice. This exploration cannot be extended if a stable marketsystem cannot be contribute, water shortage problems cannot be solved as well.Based on the theory of New Institutional Economics, Property Rights Economics,Environmental and Natural Resource Economics, Microeconomics&Macroeconomics andpractical water right trade both in domestic and abroad through the methods of normativeanalysis, positive analysis and game analysis, this paper studies the developing background ofwater right transfer market, theoretical basis of water right transfer market, construction andmanagement of water right transfer market and the construction and managementoptimization of water rights water right transfer market in the Yellow River. The full text iswritten along two logic route:The first route is that based on microeconomic market theory as a guide, a concreteanalysis of water right transfer market as China’s two grade three class market of water rightssystem in a special mode of water right transfer market, to design the special market structure:water right conversion as the core, supporting the construction of legal system, culture,technology system; inductive the integration management of government includingmicroscopically management and microcosmic management.The second one is that based on transaction cost theory of Institutional Economics as aguide, specific analyzes the water right transaction cost including information cost,negotiation cost, contract cost, measurement cost, supervision cost and system changes cost toreduce the transaction cost, in water rights transfer, designs organization and core operatingmechanism of water rights transfer market, optimize the management, making the marketdesign can effectively operated.The main conclusions of this paper are as follows:(1) Related concepts of water rights transfer: water rights transfer refers to a marketbehavior that under the premise of fixed rights amount and clearly definite water rights, addwater demand invest to construct (retrofit) water saving project, and reduce the waste of waterresource in the transport and use process, and buy surplus water right from the inherent rightsholders.The broad of water rights transfer market is the summation of all sorts of relations inwater rights transfer process.The narrow sense of water rights transfer market refers to theplace of water right transfer.(2) Specific characteristics of water rights transfer market: water right market has thecharacteristics of instrumental dependence and trade direction, i.e. in two grades and threeclasses market of water rights system, water-saving project will save water rights transfer andtransaction in two sectors.(3) Construction of water rights market: Taking the reducing of transaction costs as thegoal, and the construction of water rights transfer as the core organization carrier, supporting construct the culture, legal and technical system of water rights transfer market, thus formingan organic whole.(4) Management of water rights market: Based on the special characteristics of waterrights transfer market, macroeconomic management and microeconomic management areundertaken. Macroeconomic management use price leverage, water reserve, open marketoperations and other economic and legal means and necessary administrative meanscomprehensively; microcosmic management relying on the internal institutional settings ofthe water rights transfer, to absorb the ordinary water users and democratic manage waterusers’ association.(5) Construction.perfection and optimization management of the Yellow River waterrights market: The preliminary exploration of the Yellow River water rights transfer provedthat market behavior of water rights transfer can effectively regulate the distribution of scarcewater resources between the two sectors of industry and agriculture, The construction andmanagement of Yellow River water rights market is for the ultimate purpose of reducing thetransaction costs and improving the utilization efficiency of water resources. Constructionand perfecting the place of water rights transfer in the Yellow River and peripheral legal,cultural, technical system and optimization macroeconomic and microeconomic managementof water rights transfer in the Yellow River market will promote the healthy development ofthe market of water rights transfer in the Yellow River.