Plausibly Exogenous [679] - Debt and Water (11/28/2021)
LHS Variable
Quality of local public goods
RHS Variable
Creditors
Source of Exogenous Variation
California water conservation standards during the 2012-2016 droughts as an exogenous shock to large, urban water utility budgets through a decline in water sales revenues
- Posenau (2021), “Debt and Water: Effects of Bondholder Protections on Public Goods”