Markets for Water Potential and Performance

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 mar

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Potential and Performance

NATURAL RESOURCE MANAGEMENT AND POLICY Editors: Ariel Dinar Agricultural and Natural Resources Dept. The World Bank 1818 H Street, NW Washington, DC 20433

David Zilberman Dept. of Agricultural and Resource Economics Univ. of California, Berkeley Berkeley, CA 94720

EDITORIAL STATEMENT There is a growing awareness to the role that natural resources such as water, land, forests and environmental amenities play in our lives. There are many competing uses for natural resources, and society is challenged to manage them for improving social well being . Furthermore, there may be dire consequences to natural resources mismanagement. Renewable resources such as water, land and the environment are linked, and decisions made with regard to one may affect the others. Policy and management of natural resources now require interdisciplinary approach including natural and social sciences to correctly address our society preferences. This series provides a collection of works containing most recent findings on economics, management and policy of renewable biological resources such as water, land, crop protection, sustainable agriculture, technology, and environmental health. It incorporates modem thinking and techniques of economics and management. Books in this series will incorporate knowledge and models of natural phenomena with economics and managerial decision frameworks to assess alternative options for managing natural resources and environment. There is a growing body of evidence showing that water markets can help improve water allocation and produce substantial gains from trade, at the same time there are also concerns that water markets are not efficient and create inequity problems. This book documents, through a series of studies, how water markets have emerged and are actively working in various parts of the world. It illustrates the key factors that have fostered the development of water markets and supported their operation. The book highlights the potentials and problems facing the expansion of water markets, world wide, and in water scarce regions. The Series Editors Recently Published Books in the Series Antle, John, Capalbo, Susan and Crissman, Charles: Economic, Environmental, and Health Tradeoffs in Agriculture: Pesticides and the Sustainability of Andean Potato Production Spulber, Nicolas and Sabbaghi, Asghar: Economics of Water Resources: From Regulation to Privatization Second Edition Bauer, Carl J.: Against the Current: Privatization, Water Markets, and the State in Chile

MARKETS FOR WATER

Potential and Performance

edited by

K. William Easter

University of Minnesota Mark W. Rosegrant

International Food Policy Research Institute Ariel Dinar

The World Bank

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