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<br />~ ~~t~ <br />, . <br /> <br />Executive Summary <br /> <br />agencies should adopt the broad view of the term "use" to ensure that <br />nonquantifiable or passive uses are not ignored in resource-management <br />decisions. In a similar manner, we reco=end that federal agencies also <br />adopt the broad view of the term "value" to include not only the goods and <br />services associated with the Basin's water and related resources that are <br />measured in monetary terms, but also those that are not monetized. <br /> <br />:/-i <br /> <br />We believe four changes in how federal agencies do business will expedite <br />policies and actions with a broader view of the ecosystem and economy. <br />Federal agencies with a significant impact on the Basin's resources should <br />(1) promote institutions that take a broad view of the economy and <br />environment; (2) initiate an integrated scientific assessment of ecological and <br />economic conditions in the Basin; (3) describe tradeoffs more clearly; and <br />(4) communicate ecological and economic issues more clearly. Effecting these <br />changes will require funding, staff, and attention to reducing the confusion <br />generated by various agencies' conflicting policies. <br /> <br />'/~-,' <br /> <br />....! <br />:..;, <br /> <br />2. Recommendation #'2: Strive to Mitigate or Correct Anticompetitive <br />Factors <br /> <br />-' <br /> <br />We reco=end federal agencies in the Basin do more to mitigate the <br />constraints to competition that keep water and other resources in low-value <br />uses while high-value demands go unmet. We recognize, however, that the <br />Rio Grande Compact with its preeminent legal position over interstate water <br />decisions in the Basin is an impediment to competition across state <br />boundaries, and will continue to be, absent change by the three signatory <br />states and Congress. Resource managers should work to reduce the <br />transaction costs that restrict the ability of willing "buyers" and "sellers" of <br />resources from consu=ating mutually beneficial transactions. We believe <br />they can do this by identifying "hotspots" where the discrepancy between the <br />value of resource use and unmet demand are greatest and helping potential <br />"buyers" and "sellers" come together. <br /> <br />;~ <br /> <br />" <br /> <br />'.;': <br /> <br />, <br /> <br />Resource managers also should work cooperatively to curtail the <br />externalities of federal resource-management activities. They should <br />continue to work in multi-agency groups, recognizing that the concerns of all <br />must be dealt with jointly. Federal resource-management agencies, acting <br />individually or jointly, periodically should prepare a su=ary of how their <br />activities affect the value of resource-related goods and services and their <br />impact on jobs, incomes, and other indicators of standard ofliving. We also <br /> <br />S-9 <br /> <br />, (f"l8'7Q <br />\.... '- <br />