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The Market for Water Rights in Chile
Jorge Quiroz Monica Rios Brehm
Price: $ 22

World Bank Technical Paper No. 285.
Many economists back the view that a private market in tradable water rights would maximize the economic value of the resource by allocating it among alternative economic uses. Such a system would help reduce costly public infrastructure investment and foster private investment in irrigation. This paper reviews the major issues and controversies that have surrounded the practical implementation of a system of tradable water rights in Chile.
The paper contends that the system in Chile has worked reasonably well, although some amendments may be needed. The authors emphasize particular characteristics of the Chilean experience that have contributed to its adequate functioning

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