Water Rights and Markets in the U.S. Semi Arid West: Efficiency and Equity Issues

@article{Libecap2010WaterRA,
  title={Water Rights and Markets in the U.S. Semi Arid West: Efficiency and Equity Issues},
  author={G. Libecap},
  journal={Political Economy: Development eJournal},
  year={2010}
}
  • G. Libecap
  • Published 2010
  • Business
  • Political Economy: Development eJournal
  • There are both high resource and political costs in defining and enforcing property rights to water and in managing it with markets. In this paper, I examine these issues in the semi-arid U.S. West where many of the intensifying demand and supply problems regarding fresh water are playing out. I begin by illustrating the current state of water markets in 12 western U.S. states. There are major differences in water prices across uses (agriculture, urban, environmental) and these differences… CONTINUE READING
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