Do Property Rights Alleviate the Problem of the Commons? Evidence from California Groundwater Rights
NBER Working Paper No. 26268
---- Acknowledgments ----
We acknowledge helpful comments from Max Auffhammer, Spencer Banzhaf, Lint Barrage, Otavio Bartalotti, Youssef Benzarti, Chris Costello, Robert Heilmayr, Josh Hill, Matt Kahn, Bryan Leonard, Gary Libecap, Heather Royer, Randall Rucker, Walter Thurman, Gonzalo Vazquez-Bare, Randy Walsh, Paige Weber, and participants at the NBER EEE Summer Institute, and at other seminars and conferences. We thank Chris Free, Tracey Mangin, and Vincent Thivierge for assistance with data. This research was funded by a grant through the UC Office of the President: MR-15-328650, Legal and Economic Data and Analysis of Environmental Markets and supported in part by PERC. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.