The Solution to California's Drought: A Free Market in Water

Tuesday, May 17, 2016

"If you're going to be serious about using markets to allocate water, the first thing you have to do is let the market determine the price."

In this new video from ReasonTV, Reed explores the conflicts and inefficienies inherent in the political allocation of water, and offers solutions to California's water crisis.

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Reed Watson is the executive director at PERC. His research focuses on the implementation of market-based solutions to natural resource conflicts focusing particularly on public lands, water, and wildlife issues. With Terry Anderson and Brandon Scarborough, he co-authored Tapping Water Markets (RFF Press, 2012).Watson holds a J.D. and M.A. in...
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