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Essays On The Economics Of Water

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Essays On The Economics Of Water

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Author : Nicholas William Hagerty
language : en
Publisher:
Release Date : 2018

Essays On The Economics Of Water written by Nicholas William Hagerty and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

This thesis studies three questions in the economics of water resource management. Chapter 1 estimates the economic gains available from greater use of large-scale water markets in California. I develop a revealed-preference empirical approach that exploits observed choices in the existing water market, and I apply it to comprehensive new data on California’s water economy. This approach overcomes the challenge posed by transaction costs, which insert an unobservable wedge between observed prices and marginal valuations. First, I directly estimate transaction costs and use them to recover equilibrium marginal valuations. Then, I use supply shocks to estimate price elasticities of demand, which govern how marginal valuations vary with quantity. I find even a relatively modest market scenario would create additional benefits of $480 million per year, which can be weighed against both the benefits of existing market restrictions and the setup costs of larger-scale markets. Chapter 2 estimates the possible costs of industrial water pollution to agriculture in India, focusing on 63 industrial sites identified by the central government as “severely polluted.” I exploit the spatial discontinuity in pollution concentrations that these sites generate along a river. First, I show that these sites do in fact coincide with a large, discontinuous rise in pollutant concentrations in the nearest river. Then, I find some evidence that agricultural revenues may be substantially lower in districts immediately downstream of polluting sites, relative to districts immediately upstream of the same site in the same year. These results suggest that damages to agriculture could represent a major cost of water pollution. Chapter 3, co-authored with Ariel Zucker, presents an experimental protocol for a project that pays smallholder farmers in India to reduce their consumption of groundwater. This project will test the effectiveness of payments for voluntary conservation – a policy instrument that may be able to sidestep regulatory constraints common in developing countries. It will also measure the price response of demand for groundwater in irrigated agriculture, a key input to many possible reforms. Evidence from a pilot suggests that the program may have reduced groundwater pumping by a large amount, though confidence intervals are wide.

Three Essays On The Economics Of Water Quality In The United States

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Author : David Andrew Keiser
language : en
Publisher:
Release Date : 2014

Three Essays On The Economics Of Water Quality In The United States written by David Andrew Keiser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.

Entropy Water And Resources

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Author : Horst Niemes
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-05-30

Entropy Water And Resources written by Horst Niemes and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-30 with Business & Economics categories.

This book lies at the intersection of natural sciences, economics, and water en- neering and is in line with the long tradition of environmental economics at the University of Heidelberg. In the 1970s, the Neo-Austrian Capital Theory was developed using the fundamental laws of thermodynamics as a common language between the natural and social sciences. Niemes (1981) integrated the dynamic and irreversibility characteristics of the natural environment into the Neo-Austrian c- ital theory. Faber et al. (1983, 1987, 1995) then extended this interdisciplinary approach further to create a comprehensive, dynamic, environmental resource model. Over the last 3 decades, the theoretical foundations of environmental economics have been modi ed and there have been an impressive variety of applications. This book aims to reduce the gaps between economic theory, natural sciences, and engineering practice. One of the reasons these gaps exist is because economic assumptions are used to construct dynamic environmental and resource models, which are not consistent with the fundamental laws of the natural sciences. Another reason for the gap might be the distance between academic theory and real world situations. Based on an extended thermodynamic approach, the authors explain which economic assumptions are acceptable for constructing a dynamic model that is consistent with the natural sciences. In particular, the special role of water in the production and reproduction activities will be considered as an integral component.

Three Essays On The Economics Of Water Management In Agriculture

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Author : Mani Rouhi Rad
language : en
Publisher:
Release Date : 2017

Three Essays On The Economics Of Water Management In Agriculture written by Mani Rouhi Rad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.

Essays On Economics Of Water Resources Management

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Author : Chan Chang
language : en
Publisher:
Release Date : 1992

Essays On Economics Of Water Resources Management written by Chan Chang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Water resources development categories.

Three Essays On The Economics Of Water Pollution Control

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Author : Jiameng Zheng
language : en
Publisher:
Release Date : 2021

Three Essays On The Economics Of Water Pollution Control written by Jiameng Zheng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.

Water pollution poses important challenges worldwide. In developed countries, most of the challenges from water pollution have to do with recreational and amenity use of water, as well as the negative impact on ecosystems. For instance, in the United States, dead zones caused by nutrient pollution occur annually in many major coastal waters, including Tampa Bay, the Gulf of Mexico, Chesapeake Bay, and coastal North Carolina, causing large welfare effects in these regions. In developed countries like the United States, the aging drinking water infrastructure, such as the presence of lead pipes, is also a threat to human health. In developing countries, water pollution has a pronounced impact on human health given that safe drinking water is limited in many areas. Economic analysis plays a critical role in the making of environmental policy. In designing and assessing a water pollution control policy, it is important to understand the costs and benefits of such policies and be able to empirically evaluate their effectiveness. However, there are still important challenges in understanding the costs and benefits of water pollution control policies. Water quality improvement is a non-market good, so no direct price signal is available for valuing it. To overcome this problem, economists have developed several non-market valuation techniques, such as hedonic property models and recreation demand models. Each valuation method only captures a piece of the price consumers are willing to pay to improve water quality. This dissertation comprises three papers that answer some critical questions on the economic analysis of water pollution policies. In the first paper, I estimate the marginal willingness-to-pay of homeowners for water quality improvement in Florida,using a two-stage model that combines the recreational value and amenity value of both local and regional water quality improvement. This paper, which focuses on nutrient pollution problems related to the dead zones discussed earlier, generates a more comprehensive estimate of the benefits of water pollution reduction than that used in prior work. In the second paper, I estimate an important cost of water pollution by investigating the short-run and long-run educational impacts of lead pollution in drinking water. Using data from Texas, I find that drinking water lead exposure at birth has a significant negative impact on both 3rd-grade standardized test scores and the high school graduation rate. While many prior papers in environmental economics quantify short-run and long-run human capital costs of air pollution, this paper is one of only a few to do so for an important water pollution problem. Switching to the third paper, I examine the existing literature on the policy instruments that can be used to reduce water pollution. With a focus on developing countries, I describe the empirical evidence on the effectiveness of various water pollution control policies, identify the challenges for implementing and assessing such policies, and provide recommendations for future research