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<br />I'Hhl::;-l(l <br />,../ v ..".',-" ,;;.. J <br /> <br />:-,) <br /> <br />27 <br /> <br />'! <br /> <br />III. WAT[R MANAGEMENT INSTITUTIONS <br /> <br />'2-" <br />',~ ) <br /> <br />3.1 Introduction <br /> <br />In Chapter II the basic physical dimensions of the management <br />problem ~re discussed. Colorado has pioneered in the establishment of <br />water in$titutions and in adopting those institutions to changing needs. <br />In this bhapter an overview of the existing institutions is presented. <br />Ins~itutions can be defined as "relationships between people which <br />define tpeir rights, privileges, and responsibilities." Through the <br />recognition of rights of individuals, institutions facilitate the <br />achievement of individual objectives, but they al so constrain those <br />rights Uo protect the individual rights of others and the common <br />concerns of all (1). <br />Within this definition three institutional levels can be dis- <br /> <br />'1;- <br /> <br />tinguished: <br />(a) informal institutions such as modes of behavior and social <br /> <br />values; <br /> <br />(b): contractual arrangements; and <br /> <br /> <br />(c) formal institutions such as laws and regulations. <br /> <br /> <br />The "work ethic," as an informal institution, facilitates achievew <br /> <br />ment by. stimulating individual productive action while other values <br />constrai~ individual actions that would harm other individuals. <br />Contractual arrangements facilitate and control valuable, mutually <br />advantagttous exchanges. Hater rights are formal institutions under <br />Colorado. water law which facilitates individual action in the rightful <br />use of wat!!rsubject to the wellknown constraint of "first in time is <br />first in right." <br /> <br />,''- ~ <br />'-\" <br /> <br />i',7,':, <br />-',j <br /> <br />"" L <br /> <br />- <br /> <br />; ii.. ~" io. ."~' ~i~;-i1 <br />