Crews suggests a total privatization alternative.
Full text available in PDF format. While energy markets in many countries have been extensively liberalised in recent years, there are still demands for state regulation. Energy economists should look more skeptically than they generally do at these calls for government intervention. Examines the history and effects of water law in the U.S. from early private property rights to water among Indians and settlers, through government regulation, and on to the current re-emergence of water markets. The Cato Institute's Congressional testimony on moving toward privatization of water resource allocations.