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A comprehensive introduction to the economics of water management, for engineers and natural scientists as well as economists, with self-contained treatment of all necessary economic concepts.
Population growth and rising living standards, on the one hand, and changing climate, on the other hand, have exacerbated water scarcity worldwide. To address this problem, policymakers need to take a wide view of the water economy – a complex structure involving environmental, social, economic, legal, and institutional aspects. A coherent water policy must look at the water economy as a whole and apply a comprehensive approach to policy interventions. Written by two of the world's leading scholars on economics of water, this is the first graduate-level textbook on the topic. The book discusses water resource management within a comprehensive framework that integrates the different, yet highly entwined, elements of a water economy. It follows the steps needed to develop a well-designed set of policies based on detailed analyses of intervention measures, using multi-sectoral and economy-wide examples from a variety of locations and situations around the world.
This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution problems. Written in an accessible and straightforward style, it discusses and analyzes central issues in integrated water resource management, water tariffs, water markets, and transboundary water management. By illustrating the interplay between the hydrological cycle and the rules and institutions that govern today’s water allocation policies, the authors develop a modern perspective on water management. Moreover, the book presents an in-depth assessment of the political and ethical dimensions of water management and its institutional embeddedness, by discussing distribution issues and issues of the enforceability of human rights in managing water resources. Given its scope, the book will appeal to advanced undergraduate and graduate students of economics and engineering, as well as practitioners in the water sector, seeking a deeper understanding of economic approaches to the study of water management.
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.
Water exploitation has increased notably in the world during the last 250 years since the onset of industrialisation. The relationships between economic processes and water use are complex and include many interwoven drivers such as: technological development, dietary choices and food production, climate change, demographic change, and policy reforms, among others. Ensuring food, water, and energy for the growing population remains a common global challenge. Taking on a multi- and inter-disciplinary viewpoint, Water Resources and Economic Processes offers an up-to-date collection of contributions from leading scholars and works to gather research on important aspects of relevant fields and methodologies, including: Historical and long-term overview of the relations between income growth, water use, and technological development;Water markets and collaborative actions’ promise and threats in the fight against water stress;Impact of climate change on water productivity, including inter- and intra-annual variations;Urban reforms and surveys on the attitude of citizens towards private and public mitigation and preservation measures;Regional, national, and global comparative case-studies;International trade, migration, conf licts, and the globalisation of water;Methodological and empirical challenges of building future scenarios.This book is a key reference text for those studying water governance and management. It is suited to PhD students, national institutions, and NGO, as well as other professionals interested in understanding sustainable water use at the local, national, and international scales.
Water scarcity, whether in the quality or quantity dimension, afflicts most countries. Decisions on water management and allocation over time, space, and among uses and users involve economic considerations. This Handbook assembles research that represents recent thinking and applications in water economics. The book chapters are written by leading scholars in the field who address issues related to its use, management, and value. The topics cover analytical methods, sectoral and intersectoral water issues, and issues associated with different sources of water.
The purpose of this book is to develop a general economic model which integrates the quantity and quality issues of water resource management and to provide, along with a detailed criticism of the policy instruments now in use, alternative proposals concerning the efficient allocation and distribution of water. In particular we treat water as a multi-product commodity where the market plays a major role in determining water quality-discriminant pricing and its value to the user. We examine the process of moving from administrative allocation and regulation to privatization of the water industry as the key element in promoting effective competition and in providing economic incentives for greater efficiency. Water quantity and quality, considered independently of each other, have been the subject of numerous studies during the last twenty years. Let us recall briefly the most outstanding among them. A variety of models have been constructed concerning the optimal scheduling and sequence of water-supply projects: dynamic programming for solving multi-bjective functions in water resource development; planning models for coordinating regional water-resource supply and demand, etc. Other studies have devised water-quality management models, including multi-period design of regional or municipal wastewater systems; cost-allocation methods to induce effluent dischargers to participate in regional water systems; models to predict the quality of effluent (in particular, whether it meets certain established standards); models for finding optimal waste-removal policies at each of the polluting sources, and so on.
The most important issue facing how water is used and developed is that most basic of economic questions: how to allocate scarce resources among competing uses over time. Until recently, issues of supply and quality had dominated the literature on water. It was seen as a cheap commodity and analysts rarely considered the economic issues surrounding it. Today, people are more aware of water and the need for its effective management. As population pressures affect the demand for water across North America and throughout the world, more care and management of water resources is necessary. In short, there is a need to understand the economic issues of water. The cost of water is increasing, and new thresholds of water treatment will make the economics of water increasingly important. The purpose of this book is to develop an understanding of the role of economics in determining public policy toward water resources and to illustrate how basic economic principles can be applied to issues surrounding the allocation of water resources.
A concise treatment of water-resource economics. Based upon political economy perspectives, it draws upon a range of case-studies - Third- World, developed world, and former communist countries - to cover many issues. There is guidance on
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.