Markets for Water: Potential and Performance: 15 (Natural Resource Management and Policy, 15) - Hardcover

Hardcover

ISBN 10: 0792382560 ISBN 13: 9780792382560

Publisher: Springer, 1998

Synopsis

Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive.
Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading.
These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers.
Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.

About this title

Review

`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)

Synopsis

Dispelling many of the myths surrounding water markets, this text gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive. Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading. These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers. The text provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency.

Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India in the late 20th century.

Edition details

• Publisher: Springer
• Publication date: 1998
• Language: English
• ISBN 10: 0792382560
• ISBN 13: 9780792382560
• Binding: Hardcover
• Number of pages: 313
• Editor: Easter K. William, Rosegrant M.W., Dinar Ariel