This book evaluates the history, the present and the future of water markets on 5 continents, beginning with the institutional underpinnings of water markets and factors influencing transaction costs. The book examines markets in seven countries and three different U.S. states, ranging from village-level water markets in Oman to basin wide formal water markets in Australia's Murray-Darling River basin. Introductory chapters on the background of water markets and on transaction costs and policy design are followed by chapter length discussion of water markets as an adaptive response to climate change and of supply reliability in a changing climate. Case studies describe a variety of facets of the design and function of markets around the world: California, Chile, Spain, Oman, Australia, Canada, India and China. In analyzing these real-world examples of markets, the contributors explore water rights and trading of rights between agricultural and urban sectors and the principles and function of option markets. They discuss different sized approaches, from large scale, ministry-level administration of markets to informal arrangements among farmers in the same village, or groups of villages which allocate water without large investment in management and infrastructure. Discussion includes questions of why water market practices have not expanded more rapidly in arid places. The book discusses mechanisms for resolving conflicts between water rights holders as well as between water right holders and third parties impacted by water trades and whether or not public ownership of water rights or use rights should trump private ownership and under what condition. Also covered are new and expanding categories of water use, beyond human consumption, agriculture and industry to new technologies ranging from extracting natural gas from shale to producing biofuels. The book concludes with suggestions for future water markets and offers a realistic picture of how they might change water use and distribution practices going forward.

The objective of this book is to broadly illustrate the key aspects of water governance, mapping the spectrum of decision-making from techno-centric and eco-centric approaches, to hybrid concepts and people-centric approaches. Topics covered include the challenges for water-governance models, the polycentric model, the integration challenge, water in the decision-making hierarchy, and the rise of water-sensitive design, while also taking into account interdependencies between stakeholders, as well as the issue of scale. The book’s content is presented in an integrated and comprehensive format, building on detailed case studies from around the world and the authors’ working experiences in the water sector. Combining essential insights with accessible, non-technical language, it offers a valuable resource for academics, technicians and policy-makers alike.

Analyses the means for establishing and operating effective water markets. Proposes the application of economic instruments and the transfer of water management to the private sector as a means to guarantee acceptable water quality in the future in both developed and developing countries.

Water scarcity is an increasing problem in many parts of the world, yet conventional supply-side economics and management are insufficient to deal with it. One of the key water management options for water demand is water trading. This book explores the role of water trading, as an instrument of integrated water resources management.

Water in the 21st-Century West offers a timely look at the central issue facing the American West—the region’s diminishing water supply. It collects the best reporting on the subject, drawn from the pages of High Country News, the newspaper that sets the standard for coverage of environmental issues in the West. This book provides compelling perspectives on the water issues and controversies that roil the region, from the Pacific Northwest to the Great Plains, from the interior mountains to the southwestern deserts. The book’s contributors—among them activists, scholars, scientists, and many of the nation’s finest environmental journalists—offer hardhitting analyses of regional dilemmas, including the unpredictable impact of climate change; intense debates over decommissioning dams; emerging Native American water power; toxic threats to groundwater quality; and the escalating urban demands for water in Los Angeles, Las Vegas, Denver, Salt Lake City, and the Bay Area. Water in the 21st-Century West captures the range and nature of the arguments that have defined water politics in the region over the past decade. The collection probes the issues and explores creative attempts to find solutions, bringing a focus and clarity to the most contentious environmental issue the West faces. Water in the 21st-Century West will be an essential primer in assessing and mapping the West’s water future.

Modern assessment of the state of the world's water resources for researchers and policy-makers.

This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today’s water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.