This paper builds a model determining optimal capacities of diversion dams or water transfer projects. The model incorporates stochastic inflows to the dams and the role of the dam capacity in reducing overflows, and gives a closed-form expression of the marginal benefit of capacities....

Our chapter is organized as follows. Section I comes back to the characteristics of the water sector. It describes some key features that may explain the slow pace of reform and that may also help better understanding characteristics and limits of that process. Then, a historical and global...

In October 2010, the Murray-Darling Basin Authority (MDBA) proposed that a range of 3000–4000 GL per year, on average, of additional water be made available for the environment in the Murray-Darling Basin (MDB) to mitigate the effects of what it considers to be inadequate environmental flows....

The Nicaraguan Water Law, enacted in September 2007, is the first attempt to implement a new water law in the country. This is not an isolated legislative process in Central America, as other countries initiated similar reforms based on the Dublin principles. Although all new water laws need...

There has now been almost two decades of natural resource management by signatory states under the Murray-Darling Basin Agreement Despite significant public expense, the success of initiatives to improve the Basin’s environmental remains ambiguous. This confusion is partly due to poorly...

As a result of the increasing global awareness about the importance of water, many developed and developing countries have reviewed their water resources management policies and laws. In Brazil, Law 9,433, enacted in (<CitationRef CitationID="CR16">1997</CitationRef>), establishes the National Water Resources Policy (NWRP) and the National...</citationref>