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Evaluating Water Projects - Cost-Benefit Analysis Versus Win-Win Approach (Paperback, 2013 ed.)
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Evaluating Water Projects - Cost-Benefit Analysis Versus Win-Win Approach (Paperback, 2013 ed.)
Series: SpringerBriefs in Economics
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Should more water be diverted to or from electricity generation?
This timely question is addressed in this short volume. Two
different approaches are introduced and compared: The first is a
cost-benefit analysis, examining the case of re-regulating a
Swedish hydropower plant in which water is diverted from
electricity generation to the downstream dryway. The proposed
scenario generates environmental and other benefits, but comes at a
cost in terms of lost electricity. The second study introduces an
approach very different from the one used in conventional
cost-benefit analysis, and provides a set of measures designed so
that most, if not all, affected parties will be better off. Thus,
in contrast to a conventional cost-benefit analysis, which draws on
hypothetical compensation measures, the new approach envisages
actual compensation. Comparing two different theoretical frameworks
on the basis of a real-world case, this study can be seen as a
manual that can be used to evaluate reasonably small re-regulation
of rivers.
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