The Case for Water Markets as the Best Means for Effective Water Allocationby Ronald G. Cummings,
R. Peter Terrebonne,
Abstract: Water markets have a potential for providing flexible and efficient mechanisms for allocating water among alternative uses. In order for markets to emerge It is necessary for private rights be defined and enforced. But establishing appropriate water rights is complicated by several practical realities.
Subject Headings: Business management | Water conservation | Water rights
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