Routledge Handbook of Water Economics and Institutions (Hardcover)

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.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Environment and Sustainability Handbooks
Release date:	December 2014
First published:	2015
Editors:	Kimberly Burnett • Richard Howitt • James A. Roumasset • Christopher A Wada
Dimensions:	246 x 174 x 28mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	410
ISBN-13:	978-0-415-72856-0
Categories:	Books > Earth & environment > The environment > Management of land & natural resources Books > Earth & environment > The environment > Environmental economics > General Promotions
LSN:	0-415-72856-8
Barcode:	9780415728560

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