In the early twentieth century, L.A. purchased water rights by buying up farmland and conveying the water back to L.A. These purchases created a legacy of distrust and suspicion, as people began to view the trades as theft. Gary Libecap takes a second look at the L.A.-Owens Valley transfers.
This Policy Series challenges a popular romantic myth--the idea that Native Americans had little regard for property rights. The experience of Native American salmon fishing off the northwestern coast of the United States and the southwestern coast of Canada refutes this notion.