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.

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.

This book contains a selection of the papers presented at the Joint Conference on Food, Agriculture, and the Environment, which was held in Bologna, Italy, on June 12-14, 2001. This was the seventh gathering of a biennal meeting born from a cooperation agreement between US and Italian academic and research institutions. This round of the Conference was organized in the Faculty of Agriculture in Bologna by the Dept. of Agricultural Economics and Engineering (DEIAgra) and the CNR Land and Agri-System Management Research Centre (GeST A-CNR) of Bologna. There were two main reasons for the choice of this location: fIrst, the Conference was dedicated to Maurizio Grillenzoni and Franco Alvisi, two colleagues and friends who passed away in recent years, and who committed themselves and played an important role in developing the collaboration agreement and promoting the past Conferences; second, in the year 2000 the Faculty of Agriculture in Bologna celebrated its fIrst centennial, and this Con ference was part of a wide set of events organized to highlight the relevant role of the Faculty in the research activity, both at an Italian and international level. The Conference papers were articulated both in plenary and concurrent sessions, dealing with key topics for agricultural economists. A structure similar to the Conference was adopted for grouping the papers into the four sections contained in this book: * food, nutrition, and quality, focusing i. e.

Minnesota has a unique role in U.S. water policy. Hydrologically, it is a state with more than 12,000 lakes, an inland sea, and the headwaters of three major river systems: the St Lawrence, the Red River of the North, and the Mississippi. Institutionally, Minnesota is also unique. All U.S. states use Total Maximum Daily Load (TMDL) approaches to addressing impaired waters. Every TMDL requires a substantial investment of resources, including data collection, modeling, stakeholder input and analysis, a watershed management plan, as well as process and impact monitoring. Minnesota is the only state in the union that has passed legislation (the 2007 Clean Water Legacy Act) providing significant resources to support the TMDL process. The book will be an excellent guide for policymakers and decision makers who are interested in learning about alternative approaches to water management. Non-governmental organizations interested in stimulating effective water quality policy will also find this a helpful resource. Finally, there are similarities between the lessons learned in Minnesota and the goals of water policy in several other states and nations, where there are competing uses of water for households, agriculture, recreation, and navigation.

Howe and Easter analyze existing evidence on direct and indirect benefits attributable to water, as well as the potential costs of interbasin transfers, and examine feasibility of alternatives. Originally published in 1971

The results of investment in irrigation projects in developing countries have often been disappointing both to investors and to local beneficiaries. The editors argue that the ultimate goals of irrigation projects must be set within the larger context of general social issues. Economic efficiency must often be weighed against social gains; irrigation projects cannot be conceived simply as technical problems, and structures must be designed with reference to their continuing maintenance and operation. Using a management model, the contributors offer new perspectives on the evaluation of investment priorities and the potential benefits of irrigation projects in developing countries. Recommendations on evaluating investments in small-scale irrigation projects, improvements in water allocation, project rehabilitation and maintenance, water pricing, government food policy, technical assistance, and project sustainability are empirically grounded in studies from India, Thailand, Pakistan, and Egypt. The analysis of specific small-scale projects suggests that there are many opportunities for improving farmer participation and thus increasing the chances of success for these projects.

This volume brings together a number of prominent economic studies all of which deal with key water quality issues. The studies focus on the economic aspects of water quality including identifying the polluters' actions and incentives, designing and comparing control mechanisms, analyzing the costs and benefits of water quality programmes, and finally managing transboundary water quality. They all make recommendations for improving water quality through changing incentives, programmes and/or policies.

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.

This book contains a selection of the papers presented at the Joint Conference on Food, Agriculture, and the Environment, which was held in Bologna, Italy, on June 12-14, 2001. This was the seventh gathering of a biennal meeting born from a cooperation agreement between US and Italian academic and research institutions. This round of the Conference was organized in the Faculty of Agriculture in Bologna by the Dept. of Agricultural Economics and Engineering (DEIAgra) and the CNR Land and Agri-System Management Research Centre (GeST A-CNR) of Bologna. There were two main reasons for the choice of this location: fIrst, the Conference was dedicated to Maurizio Grillenzoni and Franco Alvisi, two colleagues and friends who passed away in recent years, and who committed themselves and played an important role in developing the collaboration agreement and promoting the past Conferences; second, in the year 2000 the Faculty of Agriculture in Bologna celebrated its fIrst centennial, and this Con ference was part of a wide set of events organized to highlight the relevant role of the Faculty in the research activity, both at an Italian and international level. The Conference papers were articulated both in plenary and concurrent sessions, dealing with key topics for agricultural economists. A structure similar to the Conference was adopted for grouping the papers into the four sections contained in this book: * food, nutrition, and quality, focusing i. e.

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.