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- Publisher
- Oxford University Press
- Copyright
- © 1999 The International Bank
- ISSN
- 0257-3032
- eISSN
- 1564-6971
- DOI
- 10.1093/wbro/14.1.99
- Publisher site
- See Article on Publisher Site
Abstract
AbstractWater 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