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Water scarcity due to climate change, population growth, and economic development is a critical issue in many semi-arid and arid regions around the world. Water scarcity is especially critical in regions where water is shared by several riparian states and used for competing purposes (irrigation, domestic, industry, environment, and hydropower).

Centralized, top-down management of water resources through regulations has created unnecessary economic burdens upon users. More flexible decentralized controls through the use of economic incentives have gained acceptance over the past decade. The theme of this book is the increasing efforts throughout water-scarce regions to rely upon economic incentives and decentralized mechanisms for efficient water management and allocation.
The book begins with a section of introductory chapters describing water systems, institutions, constraints, and similarities in the following regions:...

Centralized, top-down management of water resources through regulations has created unnecessary economic burdens upon users. More flexible decentralized controls through the use of economic incentives have gained acceptance over the past decade. The theme of this book is the increasing efforts throughout water-scarce regions to rely upon economic incentives and decentralized mechanisms for efficient water management and allocation.
The book begins with a section of introductory chapters describing water systems, institutions, constraints, and similarities in the following regions:...