Markets for Water

Potential and Performance

  • K. William Easter
  • Mark W. Rosegrant
  • Ariel Dinar

Part of the Natural Resource Management and Policy book series (NRMP, volume 15)

Table of contents

  1. Front Matter
    Pages i-xv
  2. K. William Easter, Ariel Dinar, Mark W. Rosegrant
    Pages 1-18
  3. Marie Leigh Livingston
    Pages 19-33
  4. Sandra O. Archibald, Mary E. Renwick
    Pages 95-117
  5. Robert R. Hearne, K. William Easter
    Pages 159-171
  6. Theodore M. Horbulyk, Lynda J. Lo
    Pages 241-257
  7. Ariel Dinar, Richard E. Howitt, S. J. Rassenti, Vernon L. Smith
    Pages 259-275
  8. K. William Easter, Mark W. Rosegrant, Ariel Dinar
    Pages 277-283
  9. Back Matter
    Pages 284-298

About this book


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 market to fail, and for the transaction costs in water markets to be excessive.
Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading.
These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers.
Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.


Developing Countries Water Resources development economics emerging markets management organization productivity welfare

Editors and affiliations

  • K. William Easter
    • 1
  • Mark W. Rosegrant
    • 2
  • Ariel Dinar
    • 3
  1. 1.University of MinnesotaUSA
  2. 2.International Food Policy Research InstituteUSA
  3. 3.The World BankUSA

Bibliographic information