Water Availability: A Hydrological View

The whole amount of water on earth was generated during the earliest earth ages by volcanoes that emitted water vapor. Currently the amount of water allocated to the oceans, glaciers, polar ice, groundwater, lakes and rivers stays nearly at a constant lev

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Georg Meran Markus Siehlow Christian von Hirschhausen

The Economics of Water Rules and Institutions

Springer Water Series Editor Andrey Kostianoy, Russian Academy of Sciences, P. P. Shirshov Institute of Oceanology, Moscow, Russia

The book series Springer Water comprises a broad portfolio of multi- and interdisciplinary scientific books, aiming at researchers, students, and everyone interested in water-related science. The series includes peer-reviewed monographs, edited volumes, textbooks, and conference proceedings. Its volumes combine all kinds of water-related research areas, such as: the movement, distribution and quality of freshwater; water resources; the quality and pollution of water and its influence on health; the water industry including drinking water, wastewater, and desalination services and technologies; water history; as well as water management and the governmental, political, developmental, and ethical aspects of water.

More information about this series at http://www.springer.com/series/13419

Georg Meran • Markus Siehlow Christian von Hirschhausen



The Economics of Water Rules and Institutions

123

Georg Meran Technical University of Berlin (TU Berlin) Berlin, Germany

Markus Siehlow Technical University of Berlin (TU Berlin) Berlin, Germany

Christian von Hirschhausen German Institute for Economic Research (DIW Berlin) Technical University of Berlin (TU Berlin) Berlin, Germany

ISSN 2364-6934 ISSN 2364-8198 (electronic) Springer Water ISBN 978-3-030-48484-2 ISBN 978-3-030-48485-9 (eBook) https://doi.org/10.1007/978-3-030-48485-9 © The Editor(s) (if applicable) and The Author(s) 2021. This book is an open access publication. Open Access This book is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this book are included in the book’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the book’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the materi