There is a large and good literature on water, but almost all of it is political and environmental history rather than investment analysis of the tradable right.
How rival federal agencies dammed the American West's rivers for water projects.
Water control as the basis of power in the arid American West.
A world history showing how control of water shaped political and economic power.
Recommended by: Mohnish Pabrai
The case against water privatisation and the companies buying up water supplies.
Groundwater pumping and the legal fiction of unlimited rights.
The economics of cheap water and what happens when it stops being cheap.