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096: Institutional diversity and the evolution of water markets with Dustin Garrick

In Common

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Are Markets Good for or What Are They Not?

It's not whether markets should or should not exist, they simply do exist. Even in places around the world where formal markets designed by economic experts have failed, communities of irrigators have all kinds of exchanges. It's this world of informal markets where i think we need to move past this polarized discussion of should or shouldn't. And maybe a difference between water and fishery side is that you have many instances where users themselves have created markets.

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