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Economic Issues in Protecting Groundwater Quality
Economic Issues in Protecting Groundwater Quality EB1751  
Author(s): Philip Wandschneider and James C. Barron
Private choices (farm) and social choices (government) affect resources that no one "owns." Economic analysis looks at conflicting uses, incentives, and social costs. Social policy stresses benefits, stewardship, management of common pool (or commons) resources, and sustainability. To relieve pressure on a common resource, a plan must fit the social customs of the area, achieve an affordable cost:benefit ratio, and physically sustain the resource.

Publisher: Washington State University
Published: June 1993.   8 pages.
 
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