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

In Common

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The Economic Equivalence of Friction in Water Transactions

transaction costs are the cost of defining, monitoring and enforcing property rights. And i set out about trying to measure action costs in relation to different variations and institutional arrangements for these markets. I was able to develop five year time series of f data on transaction costs for the periodout of early stages of implementing these programmes across the columbia basin.

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