Smart Markets for Water Resources A Manual for Implementation /

• Main Authors: Raffensperger, John F. (Author), Milke, Mark W. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2017.
• Series: Global Issues in Water Policy, 12
• Subjects: Energy policy.; Energy and state.; Environmental management.; Hydrogeology.; Operations research.; Management science.; Environmental health.; Environmental economics.; Economics.; Environmental Economics.; Water Policy/Water Governance/Water Management.; Operations Research, Management Science.; Environmental Health.; Energy Policy, Economics and Management.

Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book p...