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

In Common

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Markets Are the Only Solution to Sustainable Development

Economics of sustainability is about the calf that sets the boundaries to the market. Once you've done that, your am enabling reallocation allows you to increase the welfare and efficiency among those who have access. Of course, we know that there are s with using the cap to to address these these outcomes,. But thats that's the theory. It doesn't matter what the initial assignment of rights is, because they can be reallocated.

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