Describe how water is allocated in western us and how this

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1) Define the sustainability criterion as used by Tietenberg. What does this criterion say about fairness to future generations? What does this criterion say about efficiency? How can depletable resources be used today and still satisfy the criterion?

2) Is water a renewable or depletable resource? Explain how water is allocated in the western US and how this may result in an inefficient allocation. What better methods of allocation might work toward efficiency?

Reference no: EM13392698

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