Water markets with market power are analysed as multi-market Cournot competition in which the river structure constrains access to local markets and limited resources impose capacity constraints. Conditions for uniqueness are identified. Lerner indices are larger under binding resource...

Whereas a large number of empirical studies have been devoted to analyzing determinants of environmental compliance (EC) by firms, less attention has been paid to EC by public water systems (PWS). To address this gap in the literature, this article uses data on compliance with maximum...

The paper assesses the potential role for economic instruments in the regulation of water pollution and abstraction in the light of the UK government?s discussion documents. Economic instruments offer the potential for greater cost efficiency in achieving environmental targets than existing...