Appropriators versus expropriators / A.G. Cuzan -- The federal reclamation program / R.R. Rucker & P.V. Fishback -- Water pricing and rent seeking in California agriculture / B. D. Gardner --Water in Colorado / T. D. Tregarthen -- Institutional restrictions on the transfer of water rights and the survival of an agency / M. Gisser & R.N. Johnson -- The economic determinants and consequences of private and public ownership of local irrigation facilities / R.T. Smith --Privatizing groundwater basins / T.L. Anderson, O.R. Burt, & D.T. Fractor -- Instream water use / J. Huffman -- Building markets for tradable pollution rights / M.T. Maloney & B. Yandle.