[
    {
        "id": "authors:nzby6-k9d90",
        "collection": "authors",
        "collection_id": "nzby6-k9d90",
        "cite_using_url": "https://resolver.caltech.edu/CaltechAUTHORS:20121001-113342137",
        "type": "monograph",
        "title": "Deviations from optimal pricing of Lower Colorado River water",
        "author": [
            {
                "family_name": "Hoffman",
                "given_name": "Elizabeth",
                "clpid": "Hoffman-E"
            }
        ],
        "abstract": "While a water shortage will not develop immediately because Lake\nMead in the Lower Basin and Lake Powell in the Upper Basin are both full,\nsome further rationing scheme will have to be employed in the near future.\nThis paper sets out a general model for the allocation of river water and\ndiscusses the inefficiencies in the current allocation system. Then,\nrecognizing the difficulties involved in making second-best policy prescriptions,\nit suggests some ways that inefficiencies might be reduced without\nupsetting the delicate balance of property rights and income distributions\nassociated with the use of that water.\nThe paper is divided into three sections. First, an optimal pricing\nscheme for water is outlined and discussed. The second section identifies\nimportant ways in which current pricing schemes differ from the optimum.\nFinally, some policy changes are suggested.",
        "doi": "10.7907/nzby6-k9d90",
        "publisher": "California Institute of Technology",
        "publication_date": "1978-12"
    }
]