“…They advocate privatization for national or local environment management processes (Anderson and Leal, 1991;Anderson and Snyder, 1997;Colby, 1988;Crammond, 1996;Dinar and Letey, 1991;Dragun and Gleeson, 1989;Frederiksen et al, 1993;Gibbons, 1986;Gray, 1996;Huffaker et al, 1993;Kaiser, 1996;Landry, 1998;Michelsen, 1994;Saliba and Bush, 1987;Teerink and Nakashima, 1993). These and other champions also advocate privatization for problems of international water management (Becker and Zeitouni, 1998;Shuval, 1992;Smith, 1988;World Bank, 1994;Zarour and Isaac, 1993). Admittedly, many economists acknowledge that the inherently public nature of water precludes true markets, but they still end up advocating "transferable allocation permits" as the best method for allocating water to particular uses; such economists seem unable, however, to explain how such tradable permits would differ from markets.…”