Institutional Frameworks in Successful Water Markets: Brazil, Spain and Colorado, USA

Water is increasingly recognized as a scarce resource that must be managed more efficiently than in the past. In addition to physical scarcity, the cost of accessing these resources is climbing. This publication explores institutional frameworks in three case studies of long-standing and successful water markets. These cases demonstrate the common features and essential elements of water markets. They also show how to design markets that consider the local institutional, social, and political co…