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9781412842693

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<p> We cannot walk away from the threats to water quantity and quality that the authors of the chapters in this book lay out clearly--as well as analyzing many of the institutional arrangements that academics and policy makers are contemplating. While it is not fun to read about these severe problems, we must face up to them and this book does so clearly and with substantial depth. <p> --Elinor Ostrom, Nobel Laureate in economic science; Arthur F. Bentley Professor of Political Science and co-director, Workshop in Political Theory and Policy Analysis, Indiana University; founding director, Center for the Study of Institutional Diversity, Arizona State University <p> Aquanomics provides clear and crucial understanding of the steps that must be taken to bring discipline to public policies about a misunderstood resource . . . Aquanomics reveals the enormous ecological and economic benefits of bringing property rights to water. As with any other resource, if people own water it will be protected. <p> --Roger E. Meiners, John and Judy Goolsby Distinguished Professor of Economics and Law, University of Texas at Arlington <p> The authors discuss and illustrate with case studies the economic and political transaction costs of water transfers, and suggest ways to overcome the impediments. This book is essential reading for those wishing to understand water markets and advance more sensible public policies. <p> --Lee J. Alston, professor and director of the Institutions Program, Institute of Behavioral Science, University of Colorado <p> The strength of the volume is that the authors are united in trying to explain how much of the present waste and misallocation could be prevented by replacing myriad federal and state regulations with markets. While the authors' diagnoses and remedies are not all the same, most of them are based on data and make strong cases. <p> --Anthony Scott, University of Toronto <p> Aquanomics is wide ranging and the authors are first-rate scho

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Randy Simmons

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