Economists for Peace and Security

The Economics of Peace and Security Journal

Recent Issues

eps journal
A publication by Economists for Peace and Security

How markets can end persistent intra-organizational conflict
ZETLAND, David

Vol 6, No 1 - On collective punishment, California water, and the Austrian School, January 2011

The literature has described the origin and cost of intra-organizational conflict within the Metropolitan Water District of Southern California (MET). This article explores how this conflict has persisted and suggest ways to resolve it. The key action requires that institutions designed with the assumption of abundant water be reformed to manage scarce water. Without modification to MET’s legal and operational structures, an internal auction market can efficiently and transparently allocate water among MET’s member agencies. A careful allocation of rights to water and revenues from that market make it possible to address issues of fairness (access to water for individuals) and to repay past member agency contributions that thus far have subsidized MET’s operations.

You do not have access to the full text of this article. You may purchase the article (individual articles are priced at £3 each and will be emailed to you as a PDF file after payment is received.)

To purchase this article please click the purchase link shown.

Alternatively please subscribe to the journal.

Return to the contents page.

You are logged in as guest. Some issues may not be available.