Nation-states rarely go to war over water, but it is equally rare that water conflicts in an international river basin are resolved through cooperation among the riparian countries that use the shared resources. Gains from cooperation will mean little to individual riparians unless the required...

In February 1997 Maynilad Water Services, Inc. and Manila Water Company, Inc. were awarded concession contracts from Manila's Metropolitan Waterworks and Sewerage System (MWSS) and split between them the service areas in Metro Manila. In the years thereafter, the paths taken by the two...

Proper roles for government and market in addressing policy problems may be assessed by considering the duality between market imperfections and government imperfections. The potential of government interventions or market mechanisms as core policy instruments can be eroded by fundamental...

Incumbent firms often reposition themselves in response to entrants, but when doing so they incur repositioning costs. Incumbent repositioning costs and the associated decision biases have been identified in the economics, operations and strategy literatures as critical aspects of the...

Despite the growing need for private sector participation (PSP) in the water sector, private sector investments in the water sector have experienced a downturn in recent years, especially concession projects, which accounted for nearly 80 percent of all PSP projects in urban water utilities from...

It is often argued that the true benefits of water resource development in international river basins are undermined by a lack of consideration of interdependence in water resource planning. Yet it has not been adequately recognized in the water resources planning literature that overestimation...