this is probably actually good generally having well-defined property rights over goods results in a superior allocation water in particular is frequently hamstrung by this problem https://t.co/XpoPqLwmkp
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does anyone know why CA doesn't buy back water rights from incumbent holders? seems like their marginal value must be quite low in many cases
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I assume it has to do with the reason that private owners of water don't buy and sell directly with one another hm Are water rights somehow codified as inalienable? That would be really dumb
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ok I understand everything and could devise a better system and it would never be implemented thanks for playing fuck I hate policy
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Replying to @eigenrobot
People have ineffectively pointing out that this is bad for some time: here's a good paper http://www.masongaffney.org/publications/H22-WhatPriceWaterMarketing.CV.pdf …
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god i read the abstract and already want to punt my computer through my windowm
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