The Water Beneath the Desert
Andrew B. AyresA groundwater market in the Mojave Desert offers lessons for California and beyond
Andrew Ayres is a research fellow at the PPIC Water Policy Center. He is an environmental and natural resource economist focused on questions related to the design, development, and effectiveness of legal and economic institutions for managing the environment.
A groundwater market in the Mojave Desert offers lessons for California and beyond
Ideas to address modern water scarcity challenges
Lessons from three California groundwater basins
Abstract Environmental markets are widely prescribed as an alternative to open access regimes for natural resources. We develop a model of dynamic groundwater extraction to…