In Common cover image

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

In Common

00:00

Cap in Trade

The idea is that there's variation in how costly it is to pollute less. You're going to buy permits from other folks for whom it's less costly. So t as ways of a moderating that. But another question i have about outcomes is, you know, terminology comes from the pollution sector rather than the natural resource sector. It does make sense to kind of talk about all these as being one, as that kind of like a super category.

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