- The Oxford Handbook of Water Politics and Policy
- List of Contributors
- The Political Dimensions of Water
- Water and Poverty: Pathways of Escape and Descent
- Knowing Equity When We See It: Water Equity in Contemporary Global Contexts
- Gender and Water
- Monitoring the Progressive Realization of the Human Rights to Water and Sanitation: Frontier Analysis as a Basis to Enhance Human Rights Accountability
- Indigenous Peoples and Water Justice in a Globalizing World
- Re-Imagined Communities: The Transformational Potential of Interspecies Ethnography in Water Policy Development
- The Water-Energy-Food Nexus in Arid Regions: The Politics of Problemsheds
- The Nexus of Energy and Water Quality
- What Is Food-water and Why Do We not Account for It?
- Unintended Water Allocation: Gaining Share from Indirect Action and Inaction
- Why Scale Matters: Borderless Water and Bordered Thinking
- Local Water Politics
- Rethinking Urban Water (In)formality
- Innovation and Trends in Water Law
- Economics of Water
- The Political Economy of Water Markets: 40 Years of Debates, Experiments and Lessons Learned
- The Business of Water
- China’s Water Pricing Policies
- Managing Transboundary Rivers to Avert Conflict and Facilitate Cooperation
- Transboundary Unbound: Redefining Water Conflict and Cooperation for Contemporary Challenges that Extend beyond Watersheds, Regions, and Water
- “Something Has to Yield”: Climate Change Transforming Transboundary Water Governance (as We Know It)
- River Basin Organizations and the Governance of Transboundary Watercourses
- The Absence of Water Conflicts in the Developing World: Evidence from Africa
- Integrated Water Resources Management
- Transfer, Diffusion, Adaptation, and Translation of Water Policy Models
- Climate Information and Water Management: Building Adaptive Capacity or Business as Usual?
- Author Index
- Subject Index
Abstract and Keywords
This chapter examines the political economy of water markets. It traces key debates about water markets, and examines how and why these debates have evolved since the 1970s. Experiments with water markets over the past 40 years have generated lessons about the politics, institutional design and performance of reforms to water rights and river basin governance institutions. Drawing on contrasting experiences with water markets in Australia, the US and China, the analysis demonstrates that strong government and community roles are necessary for water markets to respond effectively and equitably to water scarcity.
Dustin E. Garrick is Lecturer and Research Fellow in Environmental and Resource Management at the University of Oxford’s Smith School of Enterprise and the Environment.
Jesper Svensson is a doctoral student at the University of Oxford’s Smith School of Enterprise and the Environment.
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