... conservation. Recently, the Municipal Water District (MWD) of Southern California, thwarted in its effort to obtain water from Northern California, has begun negotiating for water from the IID. The ... to solve the water crisis. Water consumption—whether for industrial, municipal, or agricultural use—is highly responsive to price changes. For example, the quantity of water used in industrial ... means for ordering behavior. If, for example, we have only a rudimentary understanding of how the market works and fail to appreciate with sufficient clarity the limitations of cooperative efforts,...