Against the Current: Privatization, Water Markets, and the State in Chile by Carl J. Bauer (Hardback, 1998)
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Markets, and the State in Chile is the first empirical and interdisciplinary study of water markets in Chile, which is the leading international example of free market water policies. Within the agricultural sector the Water Code has worked fairly well, although the market incentives to conserve water have been ineffective and water rights trading has been less active than expected.