In recent years, there have been many changes in environmental law and policy around the globe targeted at improving both economic and environmental conditions. Policy makers and research analysts in many countries are interested in evaluating the success of these changes. Ex-post analysis may...

To foster economic efficiency, says the author, rights to water resources must be both secure and flexible. Designing institutions to deal with the physical peculiarities of water in a way that establishes sensible incentives and efficient resource use is complicated. Basically, establishing...