The Value of Scarce Water: Measuring the Inefficiency of Municipal Regulations
---- Acknowledgements -----
For comments and guidance, we are grateful to Patrick Bayer, Nathaniel Keohane, Sharon Oster, Robert Stavins, Christopher Timmins, and seminar participants at Yale, Harvard, Dartmouth, Columbia, Camp Resources, the California Occasional Workshop on Environmental Economics, and the University of Maryland. The authors, alone, are responsible for any errors. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.