Proposing a new institutional measure for managing irrigation water under the climate change environment

This research tries to propose a new irrigation policy and examine its feasibility empirically by which the financial risk associated with the supply of irrigation water could be reduced as well as sustainable rehabilitation could be implemented. More specifically, we tried to obtain quantified data on the marginal cost for reducing the use of irrigation water, and, based on the result, concluded that the proposed pricing scheme would be feasible. Regarding the issue on the possibility that the proposed pricing scheme would cause financial instabilities of the irrigation districts, we indicated that water lease markets, in which irrigation districts could get revenues from the leases, could address this issue.