Between 1905 and 1934 over 869 farmers in Owens Valley, California sold their land and associated water rights to Los Angeles, 250 miles to the southwest. This agriculture-to-urban water transfer increased Los Angeles' water supply by over 4 times, making the subsequent dramatic growth of the...

"Forming the 10th volume from this successful international conference series, this book presents the work of scientists, practitioners and other experts regarding recent technological and scientific developments associated with the management of surface and sub-surface water resources."

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,...