Water markets and associated allocation policy reforms have struggled to achieve their intended goals in many water-stressed rivers, in part due to the institutional friction imposed by transition and transaction costs. This paper elaborates a transaction costs analysis framework to examine the...

This report examines the likely effects of additional agricultural water rights under the Columbia River Initiative (CRI) on net crop revenues (hay, orchards, vegetables, potatoes, wheat, and other crops) in the state of Washington over the next 20 years. This study corrects for four potentially...

<i>Global Credit Review</i> is an annual publication that provides an overview of the most important developments in global credit markets and the regulatory landscape. The third volume provides some critical analysis, reviews the introduction of new regulations and also offers new insights to address...