Water Rights and the Colorado River

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Click to edit Master subtitle style 3/1/11 Water Rights and the Colorado River By: John Hebson 11
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3/1/11 Question? Water transfers are inefficient for many third parties, but are becoming more and more necessary as populations grow and supply shrinks. How can we create and implement a policy that will overcome these negative externalities and properly allot water effectively and efficiently? 22
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3/1/11 History The Colorado River Compact of 1922 l Allotments settled upon in 1928 l Later confirmed by the Supreme Court l There has been much dispute ever since 33
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3/1/11 Problems The Colorado River actually flows less than they thought l The river is drying up l Lake Powell and Lake Mead have reached all time lows l There is really not a lot of water stored in them, relatively speaking l Water is becoming more and more scarce in the West each year. 44
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Transfers The CO River Compact made water transfers extremely hard to accomplish “No Injury” rule Permits for transfers Rent Seeking
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This note was uploaded on 02/28/2011 for the course ECON 4999 taught by Professor Barry,poulson during the Fall '07 term at Colorado.

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