Liquid Assets: An Economic Approach for Water Management and Conflict Resolution in the Middle East and Beyond

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Publication Year: 
2005
Publisher: 
Johns Hopkins University Press RFF Press, Editor: F. M. Fisher
ISBN-10: 
19331150804
Description: 

Liquid Assets shows that the common view of water as an inevitable cause of future wars is neither rational nor necessary. Typically, two or more parties with claim to the same water sources are thought to play a zero-sum game with each side placing a high emotional and political value over the ownership of the water. However, Franklin Fisher and his coauthors demonstrate that when disputes in ownership are expressed as disputes about money values, in most cases, the benefits of ownership will be surprisingly small. By assigning an ..