Water Resource Economics and Policy

Water Resource Economics and Policy

Author: W. Douglass Shaw

Publisher: Edward Elgar Publishing

ISBN: STANFORD:36105114513570

Category: Business & Economics

Page: 364

View: 975

Chapters include: "Water prices and rates for residential use", "Uncertainty and risk in supply and demand of water resources", and "Floods and droughts and the role of dams".

Water Resource Economics

Water Resource Economics

Author: M.G. Chandrakanth

Publisher: Springer

ISBN: 9788132224792

Category: Business & Economics

Page: 212

View: 586

This book uses resource economics costing approaches incorporating externalities to estimate the returns for the country’s irrigation and demonstrates how underestimating the cost of water leads farmers to overestimate profits. The importance of the subject can be judged in light of the fact that India is the largest user of groundwater both for irrigation and for drinking purposes, pumping twice as much as the United States and six times as much as Europe. Despite water’s vital role in ensuring economic security for the nation and farmers alike by supporting more than 70% of food production, water resource economists are yet to impress upon farmers and policymakers the true value of water and the urgent need for its sustainable extraction, recharge and use. In an endeavor to promote more awareness, the book further delineates the roles of the demand side and supply side in the economics of irrigation, and explains how the cost of water varies with the efforts to recharge it, crop patterns, degrees of initial and premature well failure and degrees of externalities. It also discusses the importance of micro-irrigation in the economics of saving water for irrigation, estimating the marginal productivity of water and how it improves with drip irrigation, the economics of water sharing and water markets, optimal control theory in sustainable extraction of water, payment of ecosystem services for water and how India can effectively recover. In closing, the book highlights the role of socioeconomic and hydrogeological factors in the economics of irrigation, which vary considerably across hard rock areas and the resulting limitations on generalizing.

Water Resource Economics, second edition

Water Resource Economics, second edition

Author: Ronald C. Griffin

Publisher: MIT Press

ISBN: 9780262334037

Category: Business & Economics

Page: 496

View: 366

Updated edition of a comprehensive introduction to the economics of water management, with self-contained treatment of all necessary economic concepts. Economics brings powerful insights to water management, but most water professionals receive limited training in it. The second edition of this text offers a comprehensive development of water resource economics that is accessible to engineers and natural scientists as well as to economists. The goal is to build a practical platform for understanding and performing economic analysis using both theoretical and empirical tools. Familiarity with microeconomics or natural resource economics is helpful, but all the economics needed is presented and developed progressively in the text. The book focuses on the scarcity of water quantity (rather than on water quality). The author presents the economic theory of resource allocation, recognizing the peculiarities imposed by water, and then goes on to treat a range of subjects including conservation, groundwater depletion, water law, policy analysis, cost–benefit analysis, water marketing, privatization, and demand and supply estimation. Added features of this updated edition include a new chapter on water scarcity risk (with climate change and necessary risk tools introduced progressively) and new risk-attentive material elsewhere in the text; sharper treatment of block rates and pricing doctrine; expanded attention to contemporary literature and issues; and new appendixes on input–output analysis, water footprinting and virtual water, and cost allocation. Each chapter ends with a summary and exercises.

Water Resource Economics and Policy

Water Resource Economics and Policy

Author: W. D. Shaw

Publisher: Edward Elgar Publishing

ISBN: 9781788973038

Category: Nature

Page: 400

View: 633

This second edition includes updated information and an exploration of water issues outside the United States, as well as a new application of behaviorial and experimental economics to the topic. A concise introduction to issues of water quality and quantity in both urban and agricultural settings, Water Resource Economics and Policy will be a valuable resource or text for students and researchers in the fields of agricultural economics, geography, law and hydrology. Those involved in water resource agencies and private utilities will also find the book a useful reference.

Frontiers in Water Resource Economics

Frontiers in Water Resource Economics

Author: Renan-Ulrich Goetz

Publisher: Springer Science & Business Media

ISBN: 9780387300566

Category: Business & Economics

Page: 275

View: 234

Most of the books published previously in the field of water resource eco nomics focus on particular aspects of water economics such as institutions, pricing or water markets, but none of them have given particular attention to methodological questions. However, the applied methodology within economic research has made some remarkable advances over the last 10-20 years. Some of these advances are of particular interest to the field of water economics. Therefore, we think that a book that focusing on methodological advances within the field of water resource economics and showing how these advances can be applied in economic analysis of water issues makes a nice complement to the existing literature in this field. We identified five areas where we consider the methodological advances to be of particular importance: 1) asymmetric information and game theory, 2) un certainty, 3) space, 4) water quality and 5) production and technology adoption. The selected papers for the book fall entirely within these categories. The book ''Frontiers in Water Resource Economics" draws to a great extent on papers which were presented at the 7^^ Conference of the International Water and Re source Economics Consortium, June 3-5,2001 held in Girona, Catalonia, Spain, This conference was jointly organized with the 4^^ Conference of Environmen tal and Resource Economics by the Department of Economics, University of Girona.

The Price of Water

The Price of Water

Author: Stephen Merrett

Publisher: IWA Publishing

ISBN: 9781843391777

Category: Science

Page: 220

View: 727

The Second Edition of the Price of Water expands on the coverage of the first edition and ambitiously develops the theme of the proper management of river basins, both with respect to the control of rivers’ water quality and the defence of their quantitative flows from source to sea. Using the hydrosocial balance concept of the first edition, and the grand theory of catchment water deficits, a remarkable breakthrough is made in understanding how river flows are destroyed by human society. Drawing on extensive empirical research into the Kafue River Basin and the Thames River Basin, it is shown that the exhaustion of river flows that we see on a world-wide scale can be explained by just five measurable ‘drivers’ to basin surplus and basin deficit. Moreover, by specifying the key drivers and measuring their value, the basis is provided for economic, engineering and land management strategies that will reverse river basin destruction. Bringing together 20 papers previously published in refereed journals, The Price of Water provides information that many readers would not otherwise have been able to access to through their professional and academic libraries. The scope of the book is broad, dealing with a diverse range of subjects such as regional and catchment planning and integrated water resources management. Topics considered include: both water quantities and qualities drought management the "virtual water" controversy farmers water-rights the economic demand for water the design of abstraction charges the cost and use of irrigation water the design of effluent charges the "willingness-to-pay" methodology catchment water deficits water resource impacts of new property construction water leakage impact on river basins managing water quality within EC directives.

Current Issues in the Economics of Water Resource Management

Current Issues in the Economics of Water Resource Management

Author: Panos Pashardes

Publisher: Springer Science & Business Media

ISBN: 1402005423

Category: Business & Economics

Page: 232

View: 99

Water resource management is complicated in practice on account of the diverse nature of the resource and its many uses. This volume reports recent economic research on the theory, practice, and policy of water management. It is distinguished by the number and the range of the applications it considers. Chapters consider problems in the estimation of water demand in residential and agricultural contexts. Efficiency and externality considerations are considered in chapters concerning common aquifers as well as domestic conservation. Management policies are discussed in regard to chemical contamination, reservoir construction, and industrial regulation. The volume is intended for resource economists, especially those concerned with the management of water resources. It provides insights into the latest research on the economic issues concerning this important resource.

Economic Research Supporting Water Resource Stewardship in the Pacific Northwest

Economic Research Supporting Water Resource Stewardship in the Pacific Northwest

Author: Laurie L. Houston

Publisher: DIANE Publishing

ISBN: 9781437933338

Category:

Page: 72

View: 314

This is a print on demand edition of a hard to find publication. Knowledge about the value of water to different users and methods with which to evaluate biophysical, economic, ecological, and social tradeoffs associated with allocating limited water resources among competing uses is vital to devising appropriate and effective water resource policies. Intended primarily for non-economists, this report reviews existing water resource economics literature (as of 2002) concerning the economic value of water in different uses in the Pacific Northwest, the evaluation of tradeoffs among uses, and the use of economic incentives for water conservation and protection or enhancement of water quality. Includes an annotated bibliography of water resource economics research.

Current Issues in the Economics of Water Resource Management

Current Issues in the Economics of Water Resource Management

Author: P. Pashardes

Publisher: Springer Science & Business Media

ISBN: 9789401599849

Category: Business & Economics

Page: 234

View: 945

The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and further empirical work using more data and alternative (nonlinear) demand functions, is needed to show the practical implications of the arguments put forward by the Martinez-Espineira's paper. Static empirical consumer demand functions estimated with aggregate data are well known to suffer form serial correlation and other statistical problems asso ciated with misspecified dynamics. These dynamics arise because consumers do not react immediately to a change in prices due to their largely predetermined lifestyle. In the case of demand for water, for example, current purchases can be largely predetermined due to commitments arising from past purchases such as swimming pools, bathtubs, dishwashing machines, etc. Muellbauer and Pashardes (1992) show that the autoregressive nature of consumer demand data can be cap tured in a theoretically consistent manner by incorporating intertemporal aspects of consumer behaviour in the model through habit formation and durability.