Water Markets for the 21st Century What Have We Learned?
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
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K. William Easter Qiuqiong Huang Editors
Water Markets for the 21st Century What Have We Learned?
Water Markets for the 21st Century
GLOBAL ISSUES IN WATER POLICY VOLUME 11
Editor-in-chief Ariel Dinar
Series Editors José Albiac Murillo Stefano Farolfi Abel Mejia Rathinasamy Maria Saleth
For further volumes: http://www.springer.com/series/8877
K. William Easter • Qiuqiong Huang Editors
Water Markets for the 21st Century What Have We Learned?
123
Editors K. William Easter Department of Applied Economics University of Minnesota St. Paul, MN, USA
Qiuqiong Huang Department of Agricultural Economics and Agribusiness University of Arkansas Fayetteville, AR, USA
ISSN 2211-0631 ISSN 2211-0658 (electronic) ISBN 978-94-017-9080-2 ISBN 978-94-017-9081-9 (eBook) DOI 10.1007/978-94-017-9081-9 Springer Dordrecht Heidelberg New York London Library of Congress Control Number: 2014945761 © Springer Science+Business Media Dordrecht 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. 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. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
A growing demand for water combined with the impact of climate change on the timing and quantity of water availability have dramatically changed how policy makers view water resources. Pressure is building on water managers to do a better job of conserving and allocating water r
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