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… and coordination may have negative social, economic and environmental consequences, particularly in contexts where … resources. In other words, decisions regarding the use and allocation of one resource impact directly or indirectly on … to their neighbours at a price that exceeds their marginal cost of pumping.190 6.2.1 The risks to groundwater resources …

… 113 3. Holding and Allocation of Rights … again focused attention on the relationship between environmental degradation and the absence of rules governing … in the quota obliges industry to fish in the most cost-effective way Legislating for property rights in … but better technology and science, and increasing environmental regulation. It is the stick, not the carrot, …