Stopping the Drain: Third‐party Responses to California's Water Market

Ellen Hanak

Contemporary Economic Policy, 2005, vol. 23, issue 1, 59-77

Abstract: Concerns over potential adverse effects of a state‐sponsored water market have prompted many rural California counties to adopt ordinances restricting groundwater exports since the early 1990 s. Results from panel regressions that rely on original water market and institutional data indicate that these local restrictions have significantly reduced water exports. The optimality of this policy is assessed. In the presence of a water market, export restrictions appear as a low‐cost management alternative to common property within source regions. The substantial statewide benefits of a market weigh in favor of broader public support to more comprehensive, non‐discriminatory groundwater management initiatives. (JEL Q25, Q21)

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://doi.org/10.1093/cep/byi006

Related works:
Working Paper: Stopping the Drain: Third-Party Responses to California's Water Market (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:coecpo:v:23:y:2005:i:1:p:59-77

Ordering information: This journal article can be ordered from
https://ordering.onl ... 5-7287&ref=1465-7287

Access Statistics for this article

Contemporary Economic Policy is currently edited by Brad R. Humphreys

More articles in Contemporary Economic Policy from Western Economic Association International Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().