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won't this create a market for water rights? provided rights are limited and transferable, we would expect that higher value use cases would purchase the rights
by lumost 3y ago
won't this create a market for water rights? provided rights are limited and transferable, we would expect that higher value use cases would purchase the rights over time.
- thedaly 3y agoOne would think, but scarcity keeps the value high, and places with water rights are seen as a great investment. https://www.cnn.com/2023/03/22/business/southwest-water-colorado-river-wall-street-climate/index.html https://www.cnn.com/2023/03/22/business/southwest-water-colo...
- HarryHirsch 3y agoGood luck with that. We getting a good view how markets with constrained supply work with Ozempic. On one side you have people with diabetes and circulation problems who need it as a medication to keep all their bodily appendages, and on the other side are have Elon Musk & friends who push it as if it were stimulant because they can't control their food intake. Now try this with water. Agriculture vs golf course communities, good luck!