Synopses & Reviews
Synopsis
Excerpt from Design and Incentives for Cooperative Solutions to Water Problems in the San Joaquin Valley: September 1990
A regional cooperative water system for improving water quantity and quality control has the nature of a public good in that it would provide benefits jointly to producers and consumers who would value such a system differently. In spite of potential benefit from cooperation, as with other types of public goods, improvements in private technologies and regional systems may not be adopted unless there are incentives to do so.
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