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Economic Issues in Protecting Groundwater Quality
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Economic Issues in Protecting Groundwater Quality

Philip R. Wandschneider and James C. Barron
Extension bulletin (Washington State University. Extension), EB1751, Washington State University Extension
05/1993
Handle:
https://hdl.handle.net/2376/6815
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Abstract

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. 8 pages.

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