Contribution to Book
Water Institutions and the Law of One PriceHandbook on the Economics of Natural Resources (2015)
AbstractIn 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.
Publication DateMarch 27, 2015
EditorRobert Halvorsen and David F. Layton
PublisherEdward Elgar Publishing
Citation InformationEric 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/