Skip to main content
Contribution to Book
Water Institutions and the Law of One Price
Handbook on the Economics of Natural Resources (2015)
  • Eric C. Edwards, Utah State University
  • Gary D. Libecap, University of California - Santa Barbara
Abstract
In this chapter we examine the role of historical property institutions in explaining limited water trading and the lack of the appearance of the law of one price. We explore the efficiency losses of limited trades and the options for adjusting existing rights arrangements.
Disciplines
Publication Date
March 27, 2015
Editor
Robert Halvorsen and David F. Layton
Publisher
Edward Elgar Publishing
Citation Information
Eric C. Edwards and Gary D. Libecap. "Water Institutions and the Law of One Price" Handbook on the Economics of Natural Resources (2015)
Available at: http://works.bepress.com/eric_edwards/10/