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The Development of Water Rights in Colorado: An Empirical Analysis

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  • David A. Penn
  • Joachim Zietz

Abstract

According to Anderson (1982), property rights will be more carefully defined and enforced when the value of a resource rises or the probability of losing it increases. This theory is applied to the development of water rights during the early years of irrigated farming in Colorado. Water rights enforcement is measured as the number of court cases. An empirical model is estimated on data for the years 1884 to 1920. The estimates suggest that the property rights theory cannot fully explain the empirical facts. It appears necessary to also take into account the predictions of the theory of agricultural protection.

Suggested Citation

  • David A. Penn & Joachim Zietz, 2010. "The Development of Water Rights in Colorado: An Empirical Analysis," The American Economist, Sage Publications, vol. 55(2), pages 24-35, November.
    • Handle: RePEc:sae:amerec:v:55:y:2010:i:2:p:24-35
    DOI: 10.1177/056943451005500205
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    References listed on IDEAS

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