Libecap, Gary D.; Grafton, R. Quentin; Landry, Clay; … - International Centre for Economic Research (ICER) - 2009
Worldwide supplies of fresh water are increasingly scarce relative to demand. This problem is likely to be exacerbated with climate change. In this paper, we examine water markets in both Australia’s Murray Darling Basin and the western US and their prospects for addressing water scarcity. The...