Water Markets: Transaction Costs and Institutional Options

  • K. William Easter
  • Ariel Dinar
  • Mark W. Rosegrant
Part of the Natural Resource Management and Policy book series (NRMP, volume 15)


In the past, water has been considered an abundant resource that should be available to everyone at little or no charge. However, the world’s growth in population and increase in per capita water use has dramatically changed this situation over the past half century. Today the outlook for future water use and development is very different from what it was when USAID and the World Bank first began investing in water development during the 1950s.


Transaction Cost Water Demand Water User Water Allocation High Transaction Cost 
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Copyright information

© Kluwer Academic Publishers 1998

Authors and Affiliations

  • K. William Easter
    • 1
  • Ariel Dinar
    • 2
  • Mark W. Rosegrant
    • 3
    • 4
  1. 1.Department of Applied EconomicsUniversity of MinnesotaSt. Paul
  2. 2.Rural Development Departmentthe World BankWashington, D.C.
  3. 3.International Food Policy Research InstituteWashington, D.C.
  4. 4.International Irrigation Management InstituteColombo Sri Lanka

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