The general logic here applies to a large number of problems in economic development, not just water. This is one of the key ideas of the theory of property rights.
Development Economics course: http://mruniversity.com/courses/development-economics-0
Ask a question about the video: http://mruniversity.com/courses/development-economics/water-and-common-pool-problems#QandA
Next video: http://mruniversity.com/courses/development-economics/ground-water-yemen
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
