Routledge Handbook of Water Economics and Institutions (Routledge Environment and Sustainability Handbooks)

By: Richard Howitt and Kimberly Burnett and James A. Roumasset and Christopher A. Wada

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Synopsis: Growing scarcity of freshwater worldwide brings to light the need for sound water resource modeling and policy analysis. While a solid foundation has been established for many specific water management problems, combining those methods and principles in a unified framework remains an ongoing challenge. This Handbook aims to expand the scope of efficient water use to include allocation of sources and quantities across uses and time, as well as integrating demand-management with supply-side substitutes. Socially efficient water use does not generally coincide with private decisions in the real world, however. Examples of mechanisms designed to incentivize efficient behavior are drawn from agricultural water use, municipal water regulation, and externalities linked to water resources. Water management is further complicated when information is costly and/or imperfect. Standard optimization frameworks are extended to allow for coordination costs, games and cooperation, and risk allocation. When operating efficiently, water markets are often viewed as a desirable means of allocation because a market price incentivizes users to move resources from low to high value activities. However, early attempts at water trading have run into many obstacles. Case studies from the United States, Australia, Europe, and Canada highlight the successes and remaining challenges of establishing efficient water markets.

Book Quality:: Publisher Quality
Book Size:: 410 Pages
ISBN-13:: 9781317916246
Related ISBNs:: 9781315851624, 9781138573192, 9780415728560
Publisher:: Taylor and Francis
Date of Addition:: 06/14/23
Copyrighted By:: Kimberly Burnett, Richard Howitt, James A. Roumasset, Christopher A. Wada
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: Nonfiction, Business and Finance, Earth Sciences
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.
Edited by:: Kimberly Burnett
Edited by:: Richard Howitt
Edited by:: James A. Roumasset
Edited by:: Christopher A. Wada