Markets for Water

• Water Markets: Transaction Costs and Institutional Options.- Institutional Requisites for Efficient Water Markets.- Meeting Water Needs in Developing Countries: Resolving Issues in Establishing Tradable Water Rights.- The Application of Water Market Doctrines in Texas.- Water Markets in Colorado: Past Performance and Needed Changes.- Negotiated Transactions as Conflict Resolution Mechanisms: Water Bargaining in the U.S. West.- Expected Transaction Costs and Incentives for Water Market Development.- Spot Prices, Option Prices, and Water Markets: An Analysis of Emerging Markets in California.- Institutional and Organizational Arrangements for Water Markets in Chile.- Economic and Financial Returns from Chile’s Water Markets.- Opportunities and Constraints to Improved Water Markets in Mexico.- Water Markets in India: Economic and Institutional Aspects.- Groundwater Markets in Pakistan: Institutional Development and Productivity Impacts.- Economic Analysis of Water Markets in the Spanish Agricultural Sector: Can They Provide Substantial Benefits?.- Welfare Gains From Potential Water Markets in Alberta, Canada.- Development of Water Markets Using Experimental Economics.- The Future of Water Markets: A Realistic Perspective.

'Overall, I feel this book contributes to our profession by demonstrating the widespread existence of water markets and the potential for markets to adapt to changes in demand for water supply and water reliability over time. [...] I highly recommend this book to anyone interested in the complex role for markets in resource allocation.' American Journal of Agricultural Economics (February 2001)