Texas Utilities Use Restrictions, Not Prices, To Cope With Water Shortages
The preference for government mandates reinforces the idea that water is not like other goods.
When on Aug. 15 Houston’s mayor announced restrictions on its outdoor water use, the city joined 795 other Texas water systems that are cutting down on water consumption in response to a persistent 10-month drought in the state.
The conservation mandate is the latest in a series of drought policies in Texas that have instituted water restrictions instead of price mechanisms, and raised questions over the most Read More >






