RT Journal Article SR 00 ID 10.1002/aepp.13505 A1 Wheeler, Sarah A1 Nauges, Céline A1 Grafton, R. Quentin T1 Water pricing and markets: Principles, practices and proposals JF Applied Economic Perspectives and Policy YR 2025 FD 2025-05 VO Vol. 47 IS N° 2 SP 487 OP 514 K1 Global South K1 Global North K1 water trade K1 water markets K1 water crisis K1 water security K1 climate change K1 sustainable development K1 taxes K1 costs K1 tariffs K1 subsidies. AB 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. PB Oxford Journals SN 2040-5790 LK https://publications.ut-capitole.fr/id/eprint/50772/ UL http://tse-fr.eu/pub/130502