First, I'd like to thank Aquanomics and waterwired for drawing my attention to this one. Even though the importance of water pricing has been previously discussed by these super bloggers, I still thought it deserved more than a retweet.
My thoughts are.....exactly! Price reflects the importance of an asset. As in other markets, price is the first indicator our quality (see image above). Asir says it best: "The problem we have is not scarcity but mismanagement." Price is one of the first tools we should utilize to better manage this resource.
Not to confuse the connotation of price, but price also represents an inexpensive alternative water conservation. For example, which is less expensive:
1. Raise water prices in Las Vegas?
2. Build a water pipeline from the Mighty Mississippi to Las Vegas?
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