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| DOI：10.13522/j.cnki.ggps.2023202 |
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| Market-oriented Reform of Water Rights System and Its Performance Evaluation Based on the Economic Rent Dissipation Theory |
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ZHANG Chunmei
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Inner Mongolia Agricultural University College of Economics and Management, Hohhot 010010, China
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| Abstract: |
| Although previous research has explained the essence of China’s agricultural economic transition and its institutional performance improvement mechanisms using the “property rights control structure-institutional choice behavior-economic institutional performance” paradigm in institutional economics, this paradigm has not been applied to the study of China’s water resources property rights system reform. Therefore, based on a review of China’s water rights system market-oriented reform phenomena and policies, this study proposes the following theoretical hypothesis: ①The essence of China’s water rights system reform is the transition from a planned system to a market system, and from the perspective of property rights control, it is the relaxation of government control over water rights; ②The relaxation of government control over water rights reduces the dissipation of economic rent and improves the institutional performance of the water rights market system. To further demonstrate the above hypothesis, this study defines the economic rent of water resources in the context of the market trade of transferable water rights and the transfer of surplus agricultural water rights to the industrial sector, and deduces the market logic of the economic rent of water resources through an economic model. Based on this, the study analyzes the behavioral logic of market participants in the water rights market under different government water rights control structures and the resulting dissipation of economic rent of water resources. This research contributes to the further improvement of the theoretical research of water resources property rights system reform and provides theoretical basis for the reform of water resources property rights system. |
| Key words: water rights system; agricultural surplus water rights; economic rent of water resources; market subject behavior; mathematical economic model |
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