13 Sep 2011

Water markets in Europe

My short paper on this topic is now published [PDF].
Abstract: Water markets in Europe are underdeveloped because they are difficult to implement within existing institutional constraints or inefficient from a transaction cost perspective. This article describes Europe's nascent water markets, explores the factors affecting their development (or lack thereof), and speculates on where and how markets may emerge in the future.
I'd be VERY happy to receive your corrections or additions on this topic, as I am talking to many different EU policy makers on markets for water quality and quantity -- such as tomorrow's EU conference on agricultural water policy in Warsaw.