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Article

Standardization of Exchanged Water with Different Properties in China’s Water Rights Trading

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Business School, Hohai University, Nanjing 211100, China
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National Engineering Research Center of Water Resources Efficient Utilization and Engineering Safety, Nanjing 210098, China
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Business School, Suzhou University of Science and Technology, Suzhou 215009, China
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Department of System Designing Engineering, University of Waterloo, Waterloo, ON N2L 3G1, Canada
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College of Economic and Management, China Three Gorges University, Yichang 443002, China
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Business Administration School, Hohai University, Changzhou 213022, China
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Authors to whom correspondence should be addressed.
Int. J. Environ. Res. Public Health 2020, 17(5), 1730; https://doi.org/10.3390/ijerph17051730
Received: 29 December 2019 / Revised: 27 February 2020 / Accepted: 4 March 2020 / Published: 6 March 2020
(This article belongs to the Special Issue Water Resources Systems Quality and Quantity Management)
Water rights trading is an effective way to optimize the allocation of water resources. However, the existing practice of water rights trading in China lacks any consideration of the practical value of the exchanged water. This deficiency may lead to disputes between transferor and transferee during the implementation of the water rights trading contract. This paper puts forward the concept of Standard Water (SW). First, getting the original value of exchanged water by the shadow price model based on input-output table; Second, based on the original value, building the economic profits or costs model to obtain the practical value of exchanged water; Third, establishing SW quantity measurement model according to the principle of rewarding excellence and punishing inferiority, so as to convert the water quantity of exchanged water into SW quantity. With the standardization method, this paper takes the water rights transaction between Dongyang City and Yiwu City in 2000 as an example to carry out case study, and provides policy recommendations. The results show that when the contract requires the provision of 49.999 million m3 water of Class I the quality, if the exchanged water quality provided is in Class II-V, the corresponding SW will be decreased to 48.699–37.399 million m3. The application of this research will be conducive to ensuring the fairness and durability of the water rights trading processes. View Full-Text
Keywords: water rights trading; standard water (SW); rewarding excellence and punishing inferiority water rights trading; standard water (SW); rewarding excellence and punishing inferiority
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MDPI and ACS Style

Shen, J.; Wu, F.; Yu, Q.; Zhang, Z.; Zhang, L.; Zhu, M.; Fang, Z. Standardization of Exchanged Water with Different Properties in China’s Water Rights Trading. Int. J. Environ. Res. Public Health 2020, 17, 1730. https://doi.org/10.3390/ijerph17051730

AMA Style

Shen J, Wu F, Yu Q, Zhang Z, Zhang L, Zhu M, Fang Z. Standardization of Exchanged Water with Different Properties in China’s Water Rights Trading. International Journal of Environmental Research and Public Health. 2020; 17(5):1730. https://doi.org/10.3390/ijerph17051730

Chicago/Turabian Style

Shen, Junyuan, Fengping Wu, Qianwen Yu, Zhaofang Zhang, Lina Zhang, Min Zhu, and Zhou Fang. 2020. "Standardization of Exchanged Water with Different Properties in China’s Water Rights Trading" International Journal of Environmental Research and Public Health 17, no. 5: 1730. https://doi.org/10.3390/ijerph17051730

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