Spring 1992, Vol. 32, No. 2

Lead Articles
Point/Nonpoint Source Pollution Reduction Trading: An Interpretive Survey          219
David Letson

Common Resources, Private Rights and Liabilities: A Case Study on Texas Groundwater Law          233
David Todd

Water Marketing in Texas: Opportunities for Reform          265
Ronald C. Griffin and Fred 0. Boadu

Current Utility Regulatory Practice from a Historical Perspective          289
Robert L. Swartwout

The Bellagio Draft Treaty Aguas Subterraneas Transfronterizas (Spanish translation)           345
Robert D. Hayton and Albert E. Utton

Book Reviews
Governing the Commons: The Evolution of Institutions for Collective Action          415
Elinor Ostrom

The Shaping of Environmentalism in America          419
Victor B. Scheffer

Books Received          423