Murphy, James; Dinar, Ariel; Howitt, Richard; Rassenti, … - In: Environmental & Resource Economics 17 (2000) 4, pp. 375-394
One of the problems with proposals for substantialinstitutional change in water systems is thatmodification and … canplay in evaluating proposed institutional changes tohelp facilitate a more rapid and smooth adoption ofchanges in the water … are actuallyimplemented. For example, a water market can bedeveloped and tested in the laboratory under supplyand demand …