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Full Description
Economic issues arise in almost every water policy context. Water is of most concern when scarce, but physical scarcity is often overcome as human beings move water from place to place, sometimes creating monumental structures. The roles that cost and economic value play in water resource allocation are implicit, but often poorly understood. This second edition clarifies the role of economics and offers material that can be applied to water resource allocation problems around the world. Topics covered include: groundwater, floods and droughts, in situ uses of water, and institutions and law. New to the book is an exploration of water issues outside the United States as well as a new application of behavioral 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.
Contents
Contents: Preface 1. Introduction to water resources, water law, and water resource economics 2. Review of basic microeconomics applied to water resources 3. Water quality issues 4. Water prices and rates for residential use 5. Water and agriculture 6. Uncertainty, risk, and water resources 7. Groundwater 8. In situ uses of water: recreational and environmental values 9. Floods, droughts, and the role of dams 10. Water issues outside the United States 11. Experimental and behavioral economics and water 12. Summary, conclusions, and suggestions for future research Index
