Smart Markets for Water Resources

Smart Markets for Water Resources

Author: John F. Raffensperger

Publisher: Springer

Published: 2017-04-20

Total Pages: 313

ISBN-13: 331955008X

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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 proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.


Book Synopsis Smart Markets for Water Resources by : John F. Raffensperger

Download or read book Smart Markets for Water Resources written by John F. Raffensperger and published by Springer. This book was released on 2017-04-20 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.

Markets for Water

Markets for Water

Author: K. William Easter

Publisher: Springer Science & Business Media

Published: 2007-08-20

Total Pages: 306

ISBN-13: 0585320888

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Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive. Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading. These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers. Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.


Book Synopsis Markets for Water by : K. William Easter

Download or read book Markets for Water written by K. William Easter and published by Springer Science & Business Media. This book was released on 2007-08-20 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive. Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading. These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers. Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.

Tapping Water Markets

Tapping Water Markets

Author: Terry Lee Anderson

Publisher: Routledge

Published: 2012

Total Pages: 218

ISBN-13: 1617260991

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Tapping Water Markets is about the past, present, and future of water markets. It compares water markets with political water allocation, documents the growth of water markets, and explores the ways in which water markets can be improved and implemented further. This book provides up-to-date information of where and why water shortages are occurring and where and why water markets are evolving to resolve conflicting water uses. Though the main focus is on the United States, it includes examples from other parts of the world to show how water markets are beginning to thrive. It contains institutional detail that is accessible to people who are not economic or hydrologic experts, and comes alive with numerous examples and case studies of water markets. The book begins with an analysis of water institutions as they have varied over time and location. It then covers a range of discrete water management topics including surface water allocation, groundwater management, environmental flows, and water quality trading. The book concludes with predictions about the future of water scarcity and the ability of water markets to shape that future more positively.


Book Synopsis Tapping Water Markets by : Terry Lee Anderson

Download or read book Tapping Water Markets written by Terry Lee Anderson and published by Routledge. This book was released on 2012 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tapping Water Markets is about the past, present, and future of water markets. It compares water markets with political water allocation, documents the growth of water markets, and explores the ways in which water markets can be improved and implemented further. This book provides up-to-date information of where and why water shortages are occurring and where and why water markets are evolving to resolve conflicting water uses. Though the main focus is on the United States, it includes examples from other parts of the world to show how water markets are beginning to thrive. It contains institutional detail that is accessible to people who are not economic or hydrologic experts, and comes alive with numerous examples and case studies of water markets. The book begins with an analysis of water institutions as they have varied over time and location. It then covers a range of discrete water management topics including surface water allocation, groundwater management, environmental flows, and water quality trading. The book concludes with predictions about the future of water scarcity and the ability of water markets to shape that future more positively.

Water Markets

Water Markets

Author: Wheeler, Sarah A.

Publisher: Edward Elgar Publishing

Published: 2021-08-27

Total Pages: 288

ISBN-13: 1788976932

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Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.


Book Synopsis Water Markets by : Wheeler, Sarah A.

Download or read book Water Markets written by Wheeler, Sarah A. and published by Edward Elgar Publishing. This book was released on 2021-08-27 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring water scarcity issues in light of the growing crisis in global water management, this book examines the applicability of water markets. It provides an overview and understanding of the presence of water markets across the globe, analysing the ways in which different countries and regions are grappling with water scarcity.

Competition for Water Resources

Competition for Water Resources

Author: Jadwiga R Ziolkowska

Publisher: Elsevier

Published: 2016-09-09

Total Pages: 478

ISBN-13: 0128032383

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Competition for Water Resources: Experiences and Management Approaches in the U.S. and Europe addresses the escalation of global issues regarding water scarcity and the necessary, cost-effective strategies that must be put in place in order to deal with escalating water crisis. The book evaluates use and competition for water resources in the U.S. and Europe, emphasizing the problems and challenges of dealing with tradeoffs in water. In addition, the book discusses water management strategies that can be used to optimize water use and allocation, mitigate water scarcity, and adapt to water scarcity. Supplementing the numerous case studies, the book includes lessons learned from applying specific strategies and approaches. This comprehensive overview and comparison of management practices across two continents is an invaluable resource for researchers, policymakers, and educators in water. Provides a national and regional perspective through the use of country specific case study examples Includes a comparative analysis between the U.S. and Europe, illustrating experiences in water management from two sides of the Atlantic Covers interdisciplinary topics related to water, such as agriculture and energy


Book Synopsis Competition for Water Resources by : Jadwiga R Ziolkowska

Download or read book Competition for Water Resources written by Jadwiga R Ziolkowska and published by Elsevier. This book was released on 2016-09-09 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition for Water Resources: Experiences and Management Approaches in the U.S. and Europe addresses the escalation of global issues regarding water scarcity and the necessary, cost-effective strategies that must be put in place in order to deal with escalating water crisis. The book evaluates use and competition for water resources in the U.S. and Europe, emphasizing the problems and challenges of dealing with tradeoffs in water. In addition, the book discusses water management strategies that can be used to optimize water use and allocation, mitigate water scarcity, and adapt to water scarcity. Supplementing the numerous case studies, the book includes lessons learned from applying specific strategies and approaches. This comprehensive overview and comparison of management practices across two continents is an invaluable resource for researchers, policymakers, and educators in water. Provides a national and regional perspective through the use of country specific case study examples Includes a comparative analysis between the U.S. and Europe, illustrating experiences in water management from two sides of the Atlantic Covers interdisciplinary topics related to water, such as agriculture and energy

Economical, Political, and Social Issues in Water Resources

Economical, Political, and Social Issues in Water Resources

Author: Omid Bozorg-Haddad

Publisher: Elsevier

Published: 2021-07-14

Total Pages: 296

ISBN-13: 0323906923

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Economical, Political, and Social Issues in Water Resources provides a fully comprehensive and interdisciplinary overview of all three factors in their relation to water resources. Economic issues consist of Water accounting, Water economy, Water pricing, Water market, Water bank and bourse. Political issues consist of Water power and hydrogemistry, Water diplomacy and hydropolitics, Water rights and water laws, Water governance and policy, Shared water resources management, Water management systems, and social issues consist of Water and culture, civilization and history, Water quality, hygiene, and health, Water and society. This book familiarizes researchers with all aspects of the field, which can lead to optimized and multidimensional water resources management. Some of abovementioned issues are new, so the other aim of this book is to identify them in order to researchers can easily find them and use them in their studies. Includes diverse case studies from around the world Presents contributions from global and diverse contributors with interdisciplinary backgrounds, including water engineers, scientists, planners the economic, political and social issues surrounding water Contains in-depth definitions and concepts of each topic


Book Synopsis Economical, Political, and Social Issues in Water Resources by : Omid Bozorg-Haddad

Download or read book Economical, Political, and Social Issues in Water Resources written by Omid Bozorg-Haddad and published by Elsevier. This book was released on 2021-07-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economical, Political, and Social Issues in Water Resources provides a fully comprehensive and interdisciplinary overview of all three factors in their relation to water resources. Economic issues consist of Water accounting, Water economy, Water pricing, Water market, Water bank and bourse. Political issues consist of Water power and hydrogemistry, Water diplomacy and hydropolitics, Water rights and water laws, Water governance and policy, Shared water resources management, Water management systems, and social issues consist of Water and culture, civilization and history, Water quality, hygiene, and health, Water and society. This book familiarizes researchers with all aspects of the field, which can lead to optimized and multidimensional water resources management. Some of abovementioned issues are new, so the other aim of this book is to identify them in order to researchers can easily find them and use them in their studies. Includes diverse case studies from around the world Presents contributions from global and diverse contributors with interdisciplinary backgrounds, including water engineers, scientists, planners the economic, political and social issues surrounding water Contains in-depth definitions and concepts of each topic

Aquanomics

Aquanomics

Author: Randy Simmons

Publisher: Routledge

Published: 2017-07-28

Total Pages: 456

ISBN-13: 1351531379

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Water is becoming increasingly scarce. If recent usage trends continue, shortages are inevitable. Aquanomics discusses some of the instruments and policies that may be implemented to postpone, or even avoid, the onset of water crises. These policies include establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem functions. The editors argue that such policies will help maximize water quantity and quality as water becomes scarcer and more valuable. Aquanomics contains many examples of how this is being accomplished, particularly in the formation of water markets and market-like exchanges of water rights.Many observers see calamity ahead unless water supplies are harnessed and effectively conserved, and unless water quality can be improved. It is also clear that declining water quality is a serious problem in much of the world, as increasing human activities induce high levels of water degradation. Those who voice these concerns, argue the contributors to this volume, fail to consider the forces for improvement inherent in market political-economic systems that can address water issues. The contributors see water quality in economically advanced countries as improving, and they believe this establishes the validity of market-based approaches.


Book Synopsis Aquanomics by : Randy Simmons

Download or read book Aquanomics written by Randy Simmons and published by Routledge. This book was released on 2017-07-28 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water is becoming increasingly scarce. If recent usage trends continue, shortages are inevitable. Aquanomics discusses some of the instruments and policies that may be implemented to postpone, or even avoid, the onset of water crises. These policies include establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem functions. The editors argue that such policies will help maximize water quantity and quality as water becomes scarcer and more valuable. Aquanomics contains many examples of how this is being accomplished, particularly in the formation of water markets and market-like exchanges of water rights.Many observers see calamity ahead unless water supplies are harnessed and effectively conserved, and unless water quality can be improved. It is also clear that declining water quality is a serious problem in much of the world, as increasing human activities induce high levels of water degradation. Those who voice these concerns, argue the contributors to this volume, fail to consider the forces for improvement inherent in market political-economic systems that can address water issues. The contributors see water quality in economically advanced countries as improving, and they believe this establishes the validity of market-based approaches.

Economics of Water Resources: From Regulation to Privatization

Economics of Water Resources: From Regulation to Privatization

Author: Nicolas Spulber

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 364

ISBN-13: 940114866X

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The appearance of this Second Edition has been encouraged by the favorable reception of the first. This has offered us the opportunity to update the materials and to expand the exposition ofour central theses concerning (1) the integration of water quantity-quality issues and the treatment of water as a multi-product commodity, with the market playing a major role in determining water quality-discriminant pricing; (2) the drawbacks of public controls, regulation and enforcement, and the need to expand privatization of water supply and of water and wastewater treatment facilities to ensure their appropriate development and modernization through increased reliance on private capital; (3) the unification and centralization of water management on the river basin level in order to handle effectively the expanding pressures for water availability, for the elimination of waterborne disease, for extensive and effective pollution abatement as well as coping with the related issues of soil erosion, siltation in streams, channels, and reservoirs, protection against distress from drought and floods, and with the myriad problems relating to the environment, recreation, and navigation. We have maintained the division ofthe book into four major parts and 12 chapters.


Book Synopsis Economics of Water Resources: From Regulation to Privatization by : Nicolas Spulber

Download or read book Economics of Water Resources: From Regulation to Privatization written by Nicolas Spulber and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The appearance of this Second Edition has been encouraged by the favorable reception of the first. This has offered us the opportunity to update the materials and to expand the exposition ofour central theses concerning (1) the integration of water quantity-quality issues and the treatment of water as a multi-product commodity, with the market playing a major role in determining water quality-discriminant pricing; (2) the drawbacks of public controls, regulation and enforcement, and the need to expand privatization of water supply and of water and wastewater treatment facilities to ensure their appropriate development and modernization through increased reliance on private capital; (3) the unification and centralization of water management on the river basin level in order to handle effectively the expanding pressures for water availability, for the elimination of waterborne disease, for extensive and effective pollution abatement as well as coping with the related issues of soil erosion, siltation in streams, channels, and reservoirs, protection against distress from drought and floods, and with the myriad problems relating to the environment, recreation, and navigation. We have maintained the division ofthe book into four major parts and 12 chapters.

Water Markets in the Americas

Water Markets in the Americas

Author: Larry Simpson

Publisher: World Bank Publications

Published: 1997

Total Pages: 64

ISBN-13: 9780821340882

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World Bank Discussion Paper No. 375. Social funds have proved to be important instruments for reaching the poor using community-based strategies. Yet, while there have been innovations in the design of these funds, the projects are much less participatory and demand-oriented than is commonly believed. This paper examines the extent to which social fund subprojects are designed to support community participation, demand orientation, and investment in local organizational capacity to achieve sustainability at the community level.


Book Synopsis Water Markets in the Americas by : Larry Simpson

Download or read book Water Markets in the Americas written by Larry Simpson and published by World Bank Publications. This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 375. Social funds have proved to be important instruments for reaching the poor using community-based strategies. Yet, while there have been innovations in the design of these funds, the projects are much less participatory and demand-oriented than is commonly believed. This paper examines the extent to which social fund subprojects are designed to support community participation, demand orientation, and investment in local organizational capacity to achieve sustainability at the community level.

The Role of Government in Water Markets

The Role of Government in Water Markets

Author: Vanessa Casado-Perez

Publisher: Taylor & Francis

Published: 2016-12-19

Total Pages: 251

ISBN-13: 1317222709

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While water is an increasingly scarce resource, most existing methods to allocate it are neither economically nor environmentally efficient. In these circumstances, water markets offer developed countries a form of regulatory response capable of overcoming many of the shortcomings of current water management. The debate on water markets is, however, a polarized one. This is mostly a result of the misunderstanding of the roles played by governments in water markets. Proponents mistakenly portrayed them as leaving governments, for the most part, out of the picture. Opponents, in turn, understand commodification of water and administration by public agencies as incompatible. Casado Pérez argues that both sides of the debate overlook that water markets require a deeper and more varied governmental intervention than markets for other goods. Drawing on economic theories of regulation based on market failure, she explains the different roles governments should play to ensure a well-functioning water market, and concludes that only the visible hand of governments can ensure the success of water markets. Casado Pérez proves her case by examining case studies of California and Spain to assess the success of their water markets. She explores why water markets were more extensively institutionalized in California than in Spain in the first ten years since their introduction and how the role of governments in each case study impacted water market operation. This unique analysis of governmental roles in water markets, alongside qualitative studies of California and Spain, offers valuable guidance to understand environmental markets and to face the challenges presented by water management in regions with periodical droughts.


Book Synopsis The Role of Government in Water Markets by : Vanessa Casado-Perez

Download or read book The Role of Government in Water Markets written by Vanessa Casado-Perez and published by Taylor & Francis. This book was released on 2016-12-19 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: While water is an increasingly scarce resource, most existing methods to allocate it are neither economically nor environmentally efficient. In these circumstances, water markets offer developed countries a form of regulatory response capable of overcoming many of the shortcomings of current water management. The debate on water markets is, however, a polarized one. This is mostly a result of the misunderstanding of the roles played by governments in water markets. Proponents mistakenly portrayed them as leaving governments, for the most part, out of the picture. Opponents, in turn, understand commodification of water and administration by public agencies as incompatible. Casado Pérez argues that both sides of the debate overlook that water markets require a deeper and more varied governmental intervention than markets for other goods. Drawing on economic theories of regulation based on market failure, she explains the different roles governments should play to ensure a well-functioning water market, and concludes that only the visible hand of governments can ensure the success of water markets. Casado Pérez proves her case by examining case studies of California and Spain to assess the success of their water markets. She explores why water markets were more extensively institutionalized in California than in Spain in the first ten years since their introduction and how the role of governments in each case study impacted water market operation. This unique analysis of governmental roles in water markets, alongside qualitative studies of California and Spain, offers valuable guidance to understand environmental markets and to face the challenges presented by water management in regions with periodical droughts.