This chapter reviews the application of economic concepts to study the consumption, supply, and allocation of water resources. Water management poses a wide array of issues for economists because few commodities are so pervasively involved in human economic activities. To an important degree,...

Irrigation water from a southeastern Colorado county has been sold to distant municipalities. The county's junior water right delivered limited and uncertain water supplies which were used on relatively poor soils. The ability of water markets to allocate water to the highest-valued use was...

Faced with explosive population and business growth, arid-area cities such as Las Vegas, Nevada, are scheduling water supply projects far into the next century. The city now relies on Nevada's small share of the Colorado River and meager local renewable water supplies. Substantial deposits of...