Journal Article

Formal and Informal Markets for Water: Institutions, Performance, and Constraints

K. William Easter, Mark W. Rosegrant and Ariel Dinar

in The World Bank Research Observer

Published on behalf of World Bank

Volume 14, issue 1, pages 99-116
Published in print February 1999 | ISSN: 0257-3032
Published online February 1999 | e-ISSN: 1564-6971 | DOI: http://dx.doi.org/10.1093/wbro/14.1.99
Formal and Informal Markets for Water: Institutions, Performance, and Constraints

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Water markets—either formal or informal—can be an efficient method for reallocating scarce water supplies. At the same time certain constraints can raise the transaction costs of trading water. This paper reviews the conditions necessary to establish successful water markets, identifies potential problems, and offers mitigating strategies. It also uses examples of several informal and formal water markets already in operation to illustrate these problems and the solutions to them.

Journal Article.  0 words. 

Subjects: Development Planning and Policy

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