Editors:
- Provides a historical and practical examination of the concepts and function water markets
- Offers case study examples of a wide range of market types spanning 5 continents
- Surveys the prospects for future water rights and markets, in the face of climate change, evolving understanding of rights to water and the conflict between new and traditional uses for water
- Includes supplementary material: sn.pub/extras
Part of the book series: Global Issues in Water Policy (GLOB, volume 11)
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Table of contents (17 chapters)
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Front Matter
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Back Matter
About this book
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.
Editors and Affiliations
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University of Minnesota Dept. Applied Economics, St. Paul, USA
K. William Easter
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Department of Agricultural Economics and Agribusiness, University of Arkansas, Fayetteville, USA
Qiuqiong Huang
Bibliographic Information
Book Title: Water Markets for the 21st Century
Book Subtitle: What Have We Learned?
Editors: K. William Easter, Qiuqiong Huang
Series Title: Global Issues in Water Policy
DOI: https://doi.org/10.1007/978-94-017-9081-9
Publisher: Springer Dordrecht
eBook Packages: Earth and Environmental Science, Earth and Environmental Science (R0)
Copyright Information: Springer Science+Business Media Dordrecht 2014
Hardcover ISBN: 978-94-017-9080-2Published: 13 August 2014
Softcover ISBN: 978-94-024-0794-5Published: 18 September 2016
eBook ISBN: 978-94-017-9081-9Published: 30 July 2014
Series ISSN: 2211-0631
Series E-ISSN: 2211-0658
Edition Number: 1
Number of Pages: XVIII, 341
Number of Illustrations: 6 b/w illustrations, 30 illustrations in colour
Topics: Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution, Environmental Law/Policy/Ecojustice, Agricultural Economics, Marketing, Agriculture