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Groundwater Markets Slowly Evolve in Ever-Thirstier Texas

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  • Keith R. Phillips
  • Judy Teng

Abstract

Texas’ growing population is increasing the demand for water, a commodity that in many parts of the state is subject to wide swings from abundance during wet cycles to shortfall during droughts. Water markets offer one way to help meet some of the growing need. However, legal challenges and a variety of government entities overseeing water use complicate water markets’ applicability.

Suggested Citation

  • Keith R. Phillips & Judy Teng, 2020. "Groundwater Markets Slowly Evolve in Ever-Thirstier Texas," Southwest Economy, Federal Reserve Bank of Dallas, issue First Qua.
  • Handle: RePEc:fip:feddse:88252
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