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Formal and Informal Markets for Water: Institutions, Performance, and Constraints

Formal and Informal Markets for Water: Institutions, Performance, and Constraints Water markets—either formal or informal—can be an efficient method for reallocating scarce water supplies. At the same time certain constraints can raise the transaction costs of trading water. This paper reviews the conditions necessary to establish successful water markets, identifies potential problems, and offers mitigating strategies. It also uses examples of several informal and formal water markets already in operation to illustrate these problems and the solutions to them. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The World Bank Research Observer Oxford University Press

Formal and Informal Markets for Water: Institutions, Performance, and Constraints

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Publisher
Oxford University Press
Copyright
© Published by Oxford University Press.
ISSN
0257-3032
eISSN
1564-6971
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Abstract

Water markets—either formal or informal—can be an efficient method for reallocating scarce water supplies. At the same time certain constraints can raise the transaction costs of trading water. This paper reviews the conditions necessary to establish successful water markets, identifies potential problems, and offers mitigating strategies. It also uses examples of several informal and formal water markets already in operation to illustrate these problems and the solutions to them.

Journal

The World Bank Research Observer – Oxford University Press

Published: Feb 1, 1999

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