Description
The article discusses the economic value of water and how it can be used to solve various water supply problems. It provides five case studies of regions in the United States that are facing water shortages, and discusses the methods that were used to overcome the shortages. The case studies provide excellent models for the entire United States to follow in order to improve water supplies.
Gibbons examines the water supply problem through five case studies. The problems faced by these regions and the methods suggested to overcome them provide excellent models for the entire United States. The case studies---typically, expanding supplies---but economic efficiency principles lead to emphasizing managing the demand. In many cases, this means reducing demand by raising prices.
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