Download or read book Water Allocation and Water Markets written by Robert R. Hearne and published by World Bank Publications. This book was released on 1995-01-01 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 315. Focuses on water allocation problems and the performance of water markets in improving allocation. By examining specific case studies in Chile, it demonstrates that water can no longer be treated as a free good and that better ways must be found to improve its allocation and use. The findings suggest that market transfer of water use rights in the study area produce economic gains both in intersectoral trade and trade among farmers and create rents for buyers and sellers.