What happens when farmers decide how groundwater savings are achieved? Check out this great article by @JenniferYachnin feat. @PERCtweets newest report! subscriber.politicopro.com/article/eenews… via @EENewsUpdates
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It's a great example of intensive v. extensive margin policies. GWCE are over the extensive margin (saved water), allowing farmers to choose whatever method works for them! Compared to the intensive margin, which prescribe the method associated with water savings (i.e. fallowing)