Water pricing and markets: Principles, practices and proposals
Abstract The allocation of water across space and time is a key challenge of water governance, with demand and supply often not well matched over time and place. Best practice water pricing and markets may promote water conservation, yet their application is limited. We highlight the governance principles needed for best practice water pricing and water markets, describe differences across regions, and provide six key water demand governance recommendations for both Global North and Global South countries.
Authors
- R. Quentin Grafton (ORCID: https://orcid.org/0000-0002-0048-9083)
- Sarah Ann Wheeler (ORCID: https://orcid.org/0000-0002-6073-3172)
- Céline Nauges
Institutions
- Australian National University (AU)
- Flinders University (AU)
- National Centre for Groundwater Research and Training (AU)
- Toulouse School of Economics (FR)
- The University of Adelaide (AU)
Publication Details
- Journal
- Applied Economic Perspectives and Policy
- Published
- 2025-02-18
- DOI
- https://doi.org/10.1002/aepp.13505
- Citations
- 7
- Primary Topic
- Water resources management and optimization
- Type
- article
- Field-Weighted Citation Impact
- 8.02
Funders
- Australian National University
- Flinders University
- Australian Research Council