Economics of Water Resources


Book Description

Water is becoming an increasingly scarce commodity in many parts of the world. Population growth plus a growing appetite for larger quantities of cheap water quality as a result of urban, industrial, and agricultural pollution coupled with increasing environmental demands have further reduced usable suppliers. This book brings together thirty of the best economic articles addressing water scarcity issues within the US and Mexico. By touching on a number of different issues, this volume clearly articulates the need for improving existing institutional arrangements as well as for developing new arrangements to address growing water scarcity problems.







Determining the Economic Value of Water


Book Description

Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.




Contested Waters


Book Description

"To fully understand this river and its past, one must examine many separate pieces of history scattered throughout two nations--seven states within the United States and two within Mexico--and sort through a large amount of scientific data. One needs to be part hydrologist, geologist, economist, sociologist, anthropologist, and historian to fully understand the entire story. Despite this river's narrow size and meager flow, its tale is very large indeed." -From the conclusion The Colorado River is a vital resource to urban and agricultural communities across the Southwest, providing water to 30 million people. Contested Waters tells the river's story-a story of conquest, control, division, and depletion. Beginning in prehistory and continuing into the present day, Contested Waters focuses on three important and often overlooked aspects of the river's use: the role of western water law in its over-allocation, the complexity of power relationships surrounding the river, and the concept of sustainable use and how it has been either ignored or applied in recent times. It is organized in two parts, the first addresses the chronological history of the river and long-term issues, while the second examines in more detail four specific topics: metropolitan perceptions, American Indian water rights, US-Mexico relations over the river, and water marketing issues. Creating a complete picture of the evolution of this crucial yet over-utilized resource, this comprehensive summary will fascinate anyone interested in the Colorado River or the environmental history of the Southwest.




Economic Evaluation of Environmental Impacts


Book Description

This workbook provides the nonspecialist a set of working tools to incorporate environmental costs and benefits within project analysis.




Climate Change and Water Resources Planning Criteria


Book Description

Global climate change is expected to have major impacts on water resources and aquatic ecosystems. This prospect presents planners, who are already struggling to meet the demands of growing populations and economies, with new challenges. This volume examines these challenges and the resulting conceptual issues for water planning and project evaluation practices. The book is the first attempt to consider whether and how water resources, planning principles and evaluation criteria should be altered in view of the potential impacts of anthropogenically induced climate change. The principles and procedures that are in use today along with new approaches to nonstructural flood plain management, watershed management, water markets, and wetland banking will serve as the basis for the policies and strategies that deal with climate variability and anticipated change. This collection of papers reviews what water management ideas work, which ones need to be changed, and how planners and managers should begin incorporating aspects of risk and uncertainty into management decisions to deal expertly with climate change.







Modeling Water Resources Management at the Basin Level


Book Description

The world is facing severe and growing challenges in maintainig water quality and meeting the rapidly growing demand for water resources. In addition, water used for irrigation, the largest use of water in most developing countries, will likely have to be diverted increasingly to meet the needs of urban areas and industry whilst remaining a prime engine of agricultural growth. Finally, environmental and other in-stream water demands become more important as economies develop. The river basin has been acknowledged to be the appropriate unit of analysis to address these chanllenges facing water resources management: and modeling at this scale can provide essential information for policy makers in their decisions on allication of resources. This paper reviews the state of the art of modeling approaches to integrated water resources management at the river basin scale, with particular focus on the potential of coupled economic hydrologic models, and concludes with directions for future modeling exercises.