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- catalog abstract "Economist Terry Anderson and attorney Pamela Snyder argue that the lessons we learned from the energy crisis in the 1970s are just as applicable to the impending water crisis: when government regulations kept fuel prices below market-clearing levels, shortages inevitably followed. When price controls blocked normal market mechanisms, the shortages persisted and government was forced to allocate artificially scarce resources. The same laws of supply and demand are causing problems with the availability of water. Prices have been kept artificially low, and the inevitable overuse and shortages have occurred. Governments have responded by rationing water and initiating expensive water projects to increase the supply. Those policies have failed, however, and the authors argue that introducing the price mechanism into water policy will help alleviate shortages because higher prices will cause people to consume water more carefully. Anderson and Snyder argue that water markets can also play an important role in solving the problem of pollution and ground water runoff. Markets not only facilitate instream flows that dilute pollution; they also help control discharges into streams and lakes. Before the Clean Water Act of 1972, for example, courts used common law to define property rights in water, and lawsuits based on trespass, nuisance, and other torts were brought against polluters. Fortunately, the use of water markets has increased during the past decade. Many environmentalists now find common ground with economists in advocating market prices for water. This book shows how water markets are working in the United States and around the world and where water policy is headed.".
- catalog contributor b10339333.
- catalog contributor b10339334.
- catalog created "c1997.".
- catalog date "1997".
- catalog date "c1997.".
- catalog dateCopyrighted "c1997.".
- catalog description "Anderson and Snyder argue that water markets can also play an important role in solving the problem of pollution and ground water runoff. Markets not only facilitate instream flows that dilute pollution; they also help control discharges into streams and lakes. Before the Clean Water Act of 1972, for example, courts used common law to define property rights in water, and lawsuits based on trespass, nuisance, and other torts were brought against polluters. Fortunately, the use of water markets has increased during the past decade. Many environmentalists now find common ground with economists in advocating market prices for water. This book shows how water markets are working in the United States and around the world and where water policy is headed.".
- catalog description "Economist Terry Anderson and attorney Pamela Snyder argue that the lessons we learned from the energy crisis in the 1970s are just as applicable to the impending water crisis: when government regulations kept fuel prices below market-clearing levels, shortages inevitably followed. When price controls blocked normal market mechanisms, the shortages persisted and government was forced to allocate artificially scarce resources. The same laws of supply and demand are causing problems with the availability of water. Prices have been kept artificially low, and the inevitable overuse and shortages have occurred. Governments have responded by rationing water and initiating expensive water projects to increase the supply. Those policies have failed, however, and the authors argue that introducing the price mechanism into water policy will help alleviate shortages because higher prices will cause people to consume water more carefully.".
- catalog description "Includes bibliographical references and index.".
- catalog description "Why water crises? -- Political economy of water policy -- Evolution of water institutions -- Politics and water don't mix -- Salvaging the appropriation doctrine -- Privatizing instream flows -- Solution to pollution -- Ground-water deeds -- We've dome a long way, baby.".
- catalog extent "vii, 228 p. ;".
- catalog hasFormat "Water markets.".
- catalog identifier "1882577434".
- catalog identifier "1882577442 (pbk.)".
- catalog isFormatOf "Water markets.".
- catalog issued "1997".
- catalog issued "c1997.".
- catalog language "eng".
- catalog publisher "Washington, DC : Cato Institute,".
- catalog relation "Water markets.".
- catalog spatial "United States.".
- catalog subject "333.91/16/0973 21".
- catalog subject "HD1694.A5 A75 1997".
- catalog subject "Water-supply Economic aspects United States.".
- catalog tableOfContents "Why water crises? -- Political economy of water policy -- Evolution of water institutions -- Politics and water don't mix -- Salvaging the appropriation doctrine -- Privatizing instream flows -- Solution to pollution -- Ground-water deeds -- We've dome a long way, baby.".
- catalog title "Water markets : priming the invisible pump / Terry L. Anderson and Pamela Snyder.".
- catalog type "text".