California’s New Groundwater Law and the Implications for Groundwater Markets
The rules regarding the formation of groundwater sustainability agencies under California’s new groundwater law will influence the development of groundwater markets. Multiple groundwater agencies are forming over single basins; there is potential for strategic interaction and welfare loss when trading occurs.
agricultural water management, groundwater sustainability, water policy, SGMA
Ellen Bruno. 2017. "California’s New Groundwater Law and the Implications for Groundwater Markets." ARE Update 20(4): 1-4. University of California Giannini Foundation of Agricultural Economics.