This survey distills recent work on the price elasticity of demand for urban and agricultural
water and outlines how it can inform the design of market-based approaches to manage …

We review the literature on the performance of groundwater institutions, including command-
and-control (CAC) approaches, market-based institutions (MBIs), and voluntary approaches …

Environmental markets are widely prescribed as an alternative to open access regimes for
natural resources. We develop a model of dynamic groundwater extraction to demonstrate …

This article models and estimates the efficiency gains from using market‐based instruments
relative to command and control to manage groundwater. A theoretical model of an …

In arid areas, irrigation water is an essential input into agricultural production. However,
rainfall and, correspondingly, surface water supplies are often highly variable, creating …

Climate change is expected to increase the scarcity and variability of fresh water supplies in
some regions with important implications for irrigated agriculture. By allowing for increased …

This study evaluates own-price dynamics in taxing environmental externalities. We exploit a
natural experiment that exposed some firms to a large and persistent price increase for …

Water markets have the potential to lessen some costs of climate change. However, they
need to be designed to address the unique institutional and physical features of water. In …

Over 90% of global water use occurs in agricultural production, which is subject to two
pervasive distortions:(i) incomplete property rights for farmers accessing water and (ii) …

As the largest user of global water, irrigated agriculture accounts for 20% of global cropland
and 40% of food production. Irrigation is also a potential adaptive response to drought and …