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Third Party Effects of Groundwater Law in the United States:
Author(s) -
Bruggink Thomas H.
Publication year - 1992
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1992.tb02501.x
Subject(s) - groundwater , allocative efficiency , inefficiency , water resource management , resource (disambiguation) , natural resource economics , water supply , property rights , surface water , environmental science , water table , business , environmental engineering , law , economics , political science , engineering , computer network , geotechnical engineering , neoclassical economics , computer science , microeconomics
A bstract .Groundwater is an increasingly important component in the nation's total water supply. Although groundwater is one of this nation's most abundant resources, falling water tables and contamination episodes have caused localized water shortages. This has led to news media accounts describing water supply as our nation's next natural resource crisis. The problem with groundwater supply can be attributed in part to the current system of incomplete property rights. This, in combination with the common pool characteristics of underground water and other third party effects, has resulted in technical and allocative inefficiency. Groundwater hydrology , common property, contamination, and other third party effects are examined in seeking the causes of the current water crisis .