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

In Common

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Institutional Diversity and Emerging Mark Its Firmeramental Flesh

The author has been thinking about how we can renew our ideas of institutional choice. He says it's not just a simple challenge of moving beyond markets and states, but moving beyond markets as free markets versus marketss. Andi really interesting, because douglas north,. nobell prize winner a but if you read the work, and i put this out there to the he community to help us If you've got better insight here, that term, adaptive efficiency is presented as the north star, but it's really never defined. So when you look at them in a static way or an equilibrium way, I would suggest you miss what is going back to the story in the columbia basin and

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