About this videoThe environmental and economic problems of water are: Unavailability for human use, environmentally damaging uses, absence for environmental uses, economically wasteful uses, and poor quality. Water Markets solve these problems by creating low cost signal mechanisms, dynamic signal mechanisms, incentives to create new knowledge, and tolerate diverse ends. The main criticisms for Water Markets are the existence of externalities, natural monopolies, and poverty. |
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CreditsMarkets and Water | |
