Essays On Water Resource Economics
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Essays On Water Resource Economics
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Author : Daniel A. Brent
language : en
Publisher:
Release Date : 2013
Essays On Water Resource Economics written by Daniel A. Brent and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Water-supply categories.
A canonical example in economics of the difference between marginal and total value is the diamond-water paradox. The high price of diamonds is derived from their rarity; whereas the price of water is low due to its abundance, even though it is essential to sustain human life. Scarcity, rather than abundance, better characterizes water availability for many people and this dissertation studies how applied economic principles can be utilized to manage water resources. The first chapter estimate the costs of water volatility in the agricultural sector through a hedonic analysis of heterogeneous water rights. Security for water rights is capitalized into the value of agricultural land, which informs the magnitude and distributional welfare effects of droughts. Tests for an endogenous changepoint fails find a time-varying price premium, indicating that the costs of increased water volatility due to climate change are not manifested in agricultural property markets. The second and third chapters focus on economic and behavioral incentives in urban municipal water demand. Chapter 2 presents a disaggregated model of water demand to separately estimate intensive and extensive margin demand elasticity. Identification is achieved through a novel method merging remotely sensed satellite data on vegetative cover with water metering records. The time series of vegetative cover captures changes in landscape over time and identifies the extensive margin elasticity - a parameter that has only been estimated implicitly through the difference in short run and long run demand. Households that maintain green lawns are less responsive to prices than households either change landscapes or have a mixed landscape. Higher water rates increase the probability of converting to low water-intensive landscapes, which in turn is a major driver of long-run demand. The extensive margin with respect to changing landscapes comprises 7%-48% of total elasticity for households with significant outdoor water use. The final chapter examines the impact of non-pecuniary incentives stemming from the behavioral economics literature on water demand. In a randomized field experiment social comparisons are found to significantly decrease water demand with substantial heterogeneity both across and within utilities. The utility with the highest average treatment effect saved three times as much water in percentage terms as the utility with the lowest average treatment effect. Higher users are more responsive to the program and there are important interactions between social norms and existing utility conservation programs. Water resources face stress due to population growth, rising incomes, and climate change and these stressors will only increase in the future. This dissertation addresses several key issues in agricultural and residential that aim to increase knowledge and aid public policy of managing water resources in times of scarcity.
Essays On Water Resource Economics And Agricultural Extension
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Author : Steven Charles Buck
language : en
Publisher:
Release Date : 2011
Essays On Water Resource Economics And Agricultural Extension written by Steven Charles Buck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This dissertation discusses topics in the microeconomics of water resource economics and agricultural extension. In one chapter I use a hedonic model to explain the price of land transactions, and from this an implied value of irrigation water is inferred. In a separate chapter I develop measures of willingness-to-pay for water supply reliability measures, and estimate how consumers respond to changes in the price of residential water. My final chapter develops a model of a farmer's decision to invest in learning from agricultural technicians about a new integrated pest management technology that improves yields and reduces agricultural run-off of pesticides into surface waterways. Each chapter is grounded in microeconomic models of decision-making.
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.
Essays In Water Resource Economics
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Author :
language : en
Publisher:
Release Date : 2014
Essays In Water Resource Economics written by 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.
Frontiers In Water Resource Economics
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Author : Renan-Ulrich Goetz
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-09
Frontiers In Water Resource Economics written by Renan-Ulrich Goetz 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 2006-03-09 with Business & Economics categories.
Most of the books published previously in the field of water resource eco nomics focus on particular aspects of water economics such as institutions, pricing or water markets, but none of them have given particular attention to methodological questions. However, the applied methodology within economic research has made some remarkable advances over the last 10-20 years. Some of these advances are of particular interest to the field of water economics. Therefore, we think that a book that focusing on methodological advances within the field of water resource economics and showing how these advances can be applied in economic analysis of water issues makes a nice complement to the existing literature in this field. We identified five areas where we consider the methodological advances to be of particular importance: 1) asymmetric information and game theory, 2) un certainty, 3) space, 4) water quality and 5) production and technology adoption. The selected papers for the book fall entirely within these categories. The book ''Frontiers in Water Resource Economics" draws to a great extent on papers which were presented at the 7^^ Conference of the International Water and Re source Economics Consortium, June 3-5,2001 held in Girona, Catalonia, Spain, This conference was jointly organized with the 4^^ Conference of Environmen tal and Resource Economics by the Department of Economics, University of Girona.
Essays In Water Resource Management And Adaptation And Economic Development
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Author : Moses Luri
language : en
Publisher:
Release Date : 2020
Essays In Water Resource Management And Adaptation And Economic Development written by Moses Luri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Natural resources categories.
In the wake of growing uncertainty around global future water supplies, and widening disparities in living conditions across nations, research into the factors propagating these issues is necessary to facilitate effective policy design. The following dissertation presents three separate studies on water resource management and adaptation, and economic development issues. The studies are a blend theoretical, quantitative and qualitative analyses, intended to provide insight on a range of contemporary water resource and development issues - storage management impacts on a water system stability and resilience, economic growth effects on water withdrawals in the United States, and location and religion effects on living standards in Ghana. The first study investigates storage capacity and its management impacts on measures of system stability - resilience and reactance. The study combines economic theory with methods developed in ecology and water resource engineering to construct and simulate a model that reflects a simple managed water system with stochastic inflows, and measure stability (resilience and reactance) in a vector auto-regression framework. The study highlights how the concepts and measures of stability: resilience and reactivity widely studied in ecology apply in an economics framework. The second study analyzes U.S. economic growth effects on water withdrawals by the municipal, industrial, irrigation and thermoelectric sectors. Estimated water withdrawals in the U.S. reportedly experienced steady declines since 1980, with relatively steep drops since 2005. This study investigates the direct effect of GDP growth on water withdrawals by the above stated sectors. The study adds to existing research on income - water relationship, but also highlights growth effects on resource demand in general. The third study investigates geographical location and religious affiliation relationships with living standards in Ghana. While the link between location and economic well-being may be more obvious, the relationship between religion and economic well-being is more nuanced. This paper adopts a recently developed estimation approach to estimate average treatment effects of location and religious affiliation on living standards. The hope is that each of these studies will serve to inform, shed light or draw attention to the various relationships investigated. Moreover, hopefully provoke further investigation, discussion or policy analyses.
Introduction To The Economics Of Water Resources
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Author : Stephen Merrett
language : en
Publisher: Routledge
Release Date : 2004-08-02
Introduction To The Economics Of Water Resources written by Stephen Merrett and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-02 with Architecture categories.
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
Water Resource Economics And Policy
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Author : W. D. Shaw
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-02-26
Water Resource Economics And Policy written by W. D. Shaw and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-26 with Nature categories.
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.
The Price Of Water
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Author : Stephen Merrett
language : en
Publisher: IWA Publishing
Release Date : 2007-08-31
The Price Of Water written by Stephen Merrett and has been published by IWA Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-31 with Science categories.
The Second Edition of the Price of Water expands on the coverage of the first edition and ambitiously develops the theme of the proper management of river basins, both with respect to the control of rivers’ water quality and the defence of their quantitative flows from source to sea. Using the hydrosocial balance concept of the first edition, and the grand theory of catchment water deficits, a remarkable breakthrough is made in understanding how river flows are destroyed by human society. Drawing on extensive empirical research into the Kafue River Basin and the Thames River Basin, it is shown that the exhaustion of river flows that we see on a world-wide scale can be explained by just five measurable ‘drivers’ to basin surplus and basin deficit. Moreover, by specifying the key drivers and measuring their value, the basis is provided for economic, engineering and land management strategies that will reverse river basin destruction. Bringing together 20 papers previously published in refereed journals, The Price of Water provides information that many readers would not otherwise have been able to access to through their professional and academic libraries. The scope of the book is broad, dealing with a diverse range of subjects such as regional and catchment planning and integrated water resources management. Topics considered include: both water quantities and qualities drought management the "virtual water" controversy farmers water-rights the economic demand for water the design of abstraction charges the cost and use of irrigation water the design of effluent charges the "willingness-to-pay" methodology catchment water deficits water resource impacts of new property construction water leakage impact on river basins managing water quality within EC directives.
Water Resource Economics Second Edition
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Author : Ronald C. Griffin
language : en
Publisher: MIT Press
Release Date : 2016-03-11
Water Resource Economics Second Edition written by Ronald C. Griffin and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-11 with Business & Economics categories.
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.