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Trying to sell or buy water rights can be a complicated exercise. First, it takes time and effort for buyers and sellers to find each other, a process that often relies on word-of-mouth, local bulleti...
Chinatown: Transaction Costs in Water Rights Exchanges The Owens Valley Transfer to Los Angeles
Chinatown: Transaction Costs Water Rights Exchanges The Owens Valley Transfer Los Angeles
2014/6/26
I re-examine the notorious Owens Valley water transfer to Los Angeles, which is a pivotal episode in the political economy of contemporary western water allocation.Negotiated between 1905 and 1935, it...