"This book is an account of how water rights were designed as a key part of the state's largest public water system, the Central Valley Project. Along sixty miles of the San Joaquin River, from Gustine to Mendota, four corporate entities called "exchange contractors" retain paramount water...

Scarcity, droughts, and the gap to be filled by water markets -- Market failures and governmental roles -- Roadmap to the case studies -- California's water markets -- Spanish water markets -- Comparison between water markets in California and in Spain