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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.

Water-supply --- Economic aspects. --- Availability, Water --- Water availability --- Water resources --- Natural resources --- Public utilities --- Water resources development --- Water utilities --- Environmental pollution. --- Environmental law. --- Agricultural economics. --- Marketing. --- Agriculture. --- Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution. --- Environmental Law/Policy/Ecojustice. --- Agricultural Economics. --- Farming --- Husbandry --- Industrial arts --- Life sciences --- Food supply --- Land use, Rural --- Consumer goods --- Domestic marketing --- Retail marketing --- Retail trade --- Industrial management --- Aftermarkets --- Selling --- Agrarian question --- Agribusiness --- Agricultural economics --- Agricultural production economics --- Agriculture --- Production economics, Agricultural --- Environment law --- Environmental control --- Environmental protection --- Environmental quality --- Environmental policy --- Law --- Sustainable development --- Chemical pollution --- Chemicals --- Contamination of environment --- Environmental pollution --- Pollution --- Contamination (Technology) --- Asbestos abatement --- Bioremediation --- Environmental engineering --- Factory and trade waste --- Hazardous waste site remediation --- Hazardous wastes --- In situ remediation --- Lead abatement --- Pollutants --- Refuse and refuse disposal --- Marketing --- Economic aspects --- Law and legislation --- Environmental aspects --- Water pollution. --- Environmental policy. --- Environment and state --- Environmental management --- State and environment --- Environmental auditing --- Aquatic pollution --- Fresh water --- Fresh water pollution --- Freshwater pollution --- Inland water pollution --- Lake pollution --- Lakes --- Reservoirs --- River pollution --- Rivers --- Stream pollution --- Water contamination --- Water pollutants --- Water pollution --- Waste disposal in rivers, lakes, etc. --- Government policy

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Water-supply, Agricultural --- Water in agriculture --- Agriculture --- Water-supply, Rural --- Agricultural water-supply --- Agriculture and water --- China. --- 1949 --- -BNKhAU --- Bu̇gd Naĭramdakh Dundad Ard Uls --- Bu̇gu̇de Nayiramdaqu Dumdadu Arad Ulus --- Bu̇gu̇de Nayiramdaxu Dundadu Arad Ulus --- Catay --- Cathay --- Central Government of the People's Republic of China --- Central People's Government of Communist China --- China --- Chine --- Chinese National Government --- Chinese People's Republic --- Chūka Jinmin Kyōwakoku --- Chung-hua chung yang jen min kung ho kuo --- Chung-hua jen min kung ho kuo --- Chung-hua min kuo --- Chung-kuo --- Chung-kuo kuo min cheng fu --- Chung yang jen min cheng fu --- Cina --- Činská lidová republika --- Dumdad Uls --- Dumdadu Ulus --- Erets Sin --- Jhonggu --- Jumhūriyat al-Ṣīn al-Shaʻbīyah --- Khi͡atad --- Kínai Népköztársaság --- Kin --- Kitad --- Kita --- Kitaĭskai͡a Narodnai͡a Respublika --- Kitajska --- KNR --- Kytaĭsʹka Narodna Respublika --- National Government --- P.R.C. --- P.R. China --- People's Republic of China --- PR China --- PRC --- Republic --- Republic of China --- República Popular China --- Republik Rakjat Tiongkok --- République Populaire de Chine --- RRC --- RRT --- Sāthāranarat Prachāchon Čhīn --- VR China --- VRChina --- Zhong guo --- Zhong hua ren min gong he guo --- Zhongguo --- Zhonghua Renmin Gongheguo --- Zhonghuaminguo