Water rights provide their holder with some control over how to use them and how to evaluate the underlying resources they represent. The rights give an incentive to hold, maintain, trade, and improve resources, depending on what decision provides the greatest benefit.
Typically, rights holders actually hold three kinds of rights: ownership, use, and profit. The first simply refers to having legal control over a given good or …
Cite this page
Li, Xi and
“Chapter Fifteen: Water Rights Trading in China”, in:
Chinese Research Perspectives Online, Edited by: International Advisory Board Chinese Research Perspectives Online.
Consulted online on 30 May 2017 <http://dx.doi.org/10.1163/2213-6002_crpn_C9789004168008_034>