To foster economic efficiency, says the author, rights to water resources must be both secure and flexible. Designing institutions to deal with the physical peculiarities of water in a way that establishes sensible incentives and efficient resource use is complicated. Basically, establishing...

At the beginning of the twenty-first century, a growing struggle has arisen between those who would like to repeal existing environmental policy and those who would like to see greater environmental protection. On both sides, however, many of the arguments remain grounded in ideology. This book...