The Colorado River is a primary source of water for the Western United States and has long been debated over concerning water rights. When urban water demands increase, the value of transfers, agricultural to industry, also increases. Having these water rights is a postive thing, however, the next step is to decide who should control these rights in order to minimize transaction costs.
A. Give control to states and let them oversee water transfers for the public
B. Give control to vested right holders who would voluntarily transfer those rights in almost the same way that private property rights are made
The point is, is that having water rights is important because it helps to keep the cost down for transferring and providing water to different regions of the United States.
Should all bodies of water, big or small, have water rights?
SOURCE: http://search.proquest.com/docview/214799184/139F6568FAD35F03980/3?accountid=6222
Author: Megan Hennessy
SOURCE: freefoto.com
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