Stopping the Drain: Third-Party Responses to California's Water Market

Ellen Hanak

PPIC Working Papers from Public Policy Institute of California

Abstract: Since the early 1990s, concerns over potential adverse effects of a state-sponsored water market have prompted many rural California counties to adopt ordinances restricting groundwater exports. 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 to be 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.

Pages: 38 pages
Date: 2004-06
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Journal Article: Stopping the Drain: Third‐party Responses to California's Water Market (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ppi:ppicwp:2004.11

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