Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers 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 …

This paper discusses a framework for analyzing robust institutions for water markets drawn on the new institutional …, property rights and collective actions. Based on these theories, we review the evolution and development of water reforms and … the Spanish and international experience on water markets, a list of robust recommendations for the improvement of water …