The four papers presented at this invited session examine various ways that economic analysis can be used to examine issues of water conservation strategies and policies. Three of the four are focused on water issues in Texas, and one examines a private insurance contract scheme for irrigation scheduling using Georgia weather and water data. All four papers are well written and interesting, but all four illustrated the limits of conventional economic analysis in its ability to shed light on public policy. This is particularly the case in the heavy reliance on economic efficiency analysis that is employed in the papers.