Articles
Changes in the environment, population, and industry have created water scarcity in some areas. Terry L. Anderson the President of The Property and Environment Research Center and Gretchen W. McClain the CEO of Xylem discuss how society can meet these water challenges.
Authors Reed Watson and Brandon Scarborough briefly describe and give examples of how water markets can not only provide water where it is needed most, but avoid the acrimony of past water disputes.
To keep the water running in LasVegas, recognize scarcity and let water rates rise-- double or even triple. Encourage homeowners to trade water rights. Let the market determine how much water people use, not the water police.
Terry Anderson, Gary Libecap
01/17/2011
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
With abundant rainfall, the southeastern United States has rarely experienced conflicts over the allocation of water. But that is changing. As population grows, the demand for water grows, and when periodic drought occurs, disputes can result.
Water MarketsPriming the Invisible PumpTerry L. Anderson and Pamela S. Snyder
Founded 30 years ago in Bozeman, Montana, PERC—the Property and Environment Research Center—is the nation’s oldest and largest institute dedicated to improving environmental quality through property rights and markets.
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