“There is a water crisis today. But the crisis is not about having too little water to satisfy our needs. It is a crisis of managing water badly – such that billions of people and the environment suffer.” (World Water Vision 2000).The management of water resources is becoming increasingly...

This paper discusses algal blooms in waterways from an externality perspective. Algal activity is directly related to phosphorus intake, but this can vary by season and by degree of dilution. Policy alternatives, including property rights, taxes, tradeable permits and water pricing are...