The design of effective market institutions for allocation of water among competing uses remains an economic challenge … externality which complicates transfers between consumptive and environmental water users, leading to the slow evolution of this … opportunity costs of water transfers, paving the way for a centralized market mechanism for water transfers among consumptive and …

The Economics of Water Demands includes discussions of many facets of water demands, including the economic theory of … water demands, econometric and programming models of water demands, the results of empirical models, and the application of … water demand information in the design of water management policies. The first section of the book critically assesses the …