Item Details

Water Markets for the 21st Century: What Have We Learned? [electronic resource]

Easter, K. William; Huang, Qiuqiong
Format
EBook; Book; Online
Published
New York : Springer Jan. 2014 La Vergne : MyiLibrary [Distributor]
Language
English
Series
Global Issues in Water Policy Ser
ISBN
9781322175430, 1322175438 (E-Book)
Target Audience
Trade
Summary
Annotation
Description
Mode of access: World wide Web.
Series Statement
Global Issues in Water Policy Ser. 11
Logo for Copyright Not EvaluatedCopyright Not Evaluated
Technical Details
  • Access in Virgo Classic

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    a| Annotation b| 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.
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