Keyword: water

Metered Consumption (3/7/2007)

Resource conservation depends on who pays and the time horizon of costs vs benefits.

Keywords: energy conservation metering, energy efficiency, external cost, fixed cost, insulation, internal cost, landlord, life cycle cost, long-term benefit, marginal cost, private cost, property right, short-term cost, social cost, tenants, water

Water Disputes in California (4/14/2000)

Ambiguous property rights and high transaction costs may scuttle beneficial exchanges.

Keywords: agriculture, Colorado River, farming, Imperial Valley, property rights, transaction costs, water

Windfall Profit (9/7/2005)

Unexpected market gain resulting from uncontrolled circumstances might serve as incentives to correctly allocate scarce resources.

Keywords: aluminum, California, contract, electricity, Kaiser Aluminum, opportunity cost, property rights, water, windfall profit