A typology of water market intermediaries

What is it about?

Despite rising global interest in introducing water markets, only a small number of implemented markets function efficiently. Market intermediaries, by improving information flows and introducing market participants to trade, play a crucial role in initiating water markets. This article inductively generates profiles for different types of market intermediaries, which then can be applied to prevailing country contexts. The results demonstrate that generic criteria influencing the emergence or creation and success of market intermediaries can be inductively generated from existing water markets.

Featured Image

Why is it important?

The findings indicate the relevance of choosing a New Institutional Economic methodological approach, which captures the contextual and institutional dynamics by analysing the formal and informal rules of societies as well as interactions of organisations and market participants within these constraints.

Perspectives