The paper examines the possibility of a water market in Brazil. The US market, probably the oldest and most well-documented one, is initially analyzed. In the American West, over the past 140 years the so-called "water rights" can be sold or rented. However, mainly due to high transaction costs,...

Water scarcity, urban population growth, and deteriorating infrastructure impact water security around the globe. As California wrestles with the most significant drought in its recorded history, struggling to secure reliable water supplies for the future, it faces all of these crises. The story...