Conversation

The #Economics of #Drought

... In this review article, we focus on how economic institutions, the humanly devised constraints
that shape the allocation and use of #water impact the severity and incidence of droughts....Water property rights in developed countries encourage infrastructure investments and reallocations that mitigate
drought impacts, although such institutions may codify inequitable water access ...

[1] https://www.ericcedwards.com/_files/ugd/1110dc_2c64a36626434225812db5a80dac01d3.pdf