Gary Libecap, 10/24/2014
In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws. A policy overhaul, they argue, would allow efficient water markets and reward conservation.
Terry Anderson, Gary Libecap 01/17/2011
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
Gary Libecap 01/08/2005
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.