This Policy Series explores the evolving institutional settings in western states1 for restoring and preserving instream flows. The focus is on how markets can provide an efficient and equitable solution for allocating water among increasingly competitive offstream and instream demands, while also providing economic incentives for improved water use efficiencies and conservation. This essay also identifies the underlying barriers that complicate or thwart water markets and provides thoughts on how they may be overcome.
Property and Environment Research Center (PERC)
North America / United States (Western)
Copyright 2010 The Property and Environment Research Center.
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