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102: Rights for Rivers with Erin O’Donnell

In Common

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Shared Resource Water Market in the Western US

Aaron Carroll: I'd like to stick with trying to understand these water markets a bit for myself and for the listeners. You refer to them in the book as a shared resource market and you distinguish that from other types of markets. And one of the most interesting case specific pieces of information I learned from the book was that the implementation of this shared resource water market in the Western US has had it engages with junior water rights holders differently than engages with senior water rights holders. So could we start there and could you talk a bit about first what a sharedresource market is?

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