"The pressure on an already stressed water situation in South Africa is predicted to increase significantly under … to water to millions of previously excluded people. The present study employed a general equilibrium approach to examine … the economy-wide impacts of selected macro and water related policy reforms on water use and allocation, rural livelihoods …

The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and … the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability …. This framework can be used: (1) to benchmark different water markets; (2) to track performance over time; and (3) to …