Qian (2000) and others suggest that post-1994 tax and banking reforms in China, combined with the development of markets for allocating resources, influenced the economic performance of township-village enterprises (TVEs) and private enterprises (PEs). This paper uses Chinese provincial level...

We examine potential third-party effects arising from trading water from one region (rural) to another (urban). Using labor, water and heterogeneous land, rural agents produce a traded agricultural good and nontraded service good. Absent job market frictions, increased water trading improves per...

Despite abundant rainfall and groundwater resources, the State of Hawai'i has managed to erect so many barriers to efficient use that serious conflicts have erupted over use rights to water. In what is currently the most prominent battle, environmental and agricultural interests of windward...