When directives rather than contracts determine rights to water flows, agents will substitute away from securing water rights by contract toward securing them through political directives. Especially when they are legitimated by court rulings, such directives alter the rules that govern social...

Agricultural producers make investment decisions based on beliefs about future returns. This article investigates how changes in beliefs about input availability affects the adoption of conservation practices. We develop a theoretical model to examine how a producer's beliefs about water...

Price theory analysis teaches us that, as the cost of using markets rises (ie transaction costs), we will expect to see either higher prices in the market, lower activity, or some combination of the two. We have a natural experiment to test this hypothesis in water exchange markets in Colorado....

Angesichts der voranschreitenden Liberalisierungsbestrebungen und einer zunehmenden Internationalisierung der Wasserwirtschaft stellt sich die Frage, wie sich eine Änderung des Ordnungsrahmens in Deutschland auf die Marktstruktur und die Angebotsbedingungen auswirken würde. Die...

Ergänzend zu dem im ifo Schnelldienst 14/2001 diskutierten Thema "Liberalisierung der Wasserversorgung - soll das letzte Versorgungsmonopol in Deutschland fallen?" stellt Dr. Alfred Tacke, Staatssekretär im Bundesministerium für Wirtschaft und Technologie, den Standpunkt der Bundesregierung...

Bereits 1999 startete das Bundeswirtschaftsministerium die Diskussion um eine Liberalisierung der Wasserversorgung in Deutschland, und mittlerweile verkaufen immer mehr Kommunen Anteile an den in ihrem Eigentum befindlichen Wasserversorgungsunternehmen an private Investoren. Für eine...

Global climate change is already impacting water resources and, in many areas, reducing the amount of water available for drinking, sanitation, and agriculture. Water conservation can be a means to mitigate the economic damages associated with water scarcity, including scarcity arising from...

New technologies allow perfect detection of environmental violations at near-zero marginal cost, but take-up is low. We conducted a field experiment to evaluate enforcement of water conservation rules with smart meters in Fresno, CA. Households were randomly assigned combinations of enforcement...

Water suppliers are showing greater interest in using different mechanisms to promote conservation. One such mechanism is conducting home water audits, which involves assessing water use and providing tailored suggestions for conserving water for residential customers. Yet, very little is known...

When directives rather than contracts determine rights to water flows, agents will substitute away from securing water rights by contract toward securing them through political directives. When those directives are legitimated by court rulings, they alter the rules that govern social...