This section documents if and how water entitlements are defined and administered. It covers the main types of arrangements: informal, administered regimes (priority ranking), based on economic instruments (prices, markets). Building on the previous section, this includes more detailed information on the characteristics of entitlements (e.g. possibility to trade, lease or transfer) and the possibility to restrict new entrants. This concerns unplanned events or “shocks” that negatively impact on the water resource.