'As water becomes scarcer and as the industrial sector expands in many countries, the competition over the resource among sectors is more difficult. Industrial water consumption has doubled over the past decade in several countries, and is expected to rise more as industry expands. Economic instruments play an important role in efficient allocation of scarce water resources. This book demonstrates how knowledge of features of industrial water use coupled with economic instruments may enhance efficient water management. Reading this book is a fascinating voyage through the existing economic literature that was published in the last 30 years. The book combines the work of the most authoritative scholars in this field. All together it provides the reader with the necessary technical and economic background that can be used to address various industrial water use issues.'