Routledge Handbook of Water Economics and Institutions is popular PDF and ePub book, written by Kimberly Burnett in 2014-12-05, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Routledge Handbook of Water Economics and Institutions can be Read Online from any device for your convenience.
Routledge Handbook of Water Economics and Institutions Book PDF Summary
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.
Detail Book of Routledge Handbook of Water Economics and Institutions PDF
- Author : Kimberly Burnett
- Release : 05 December 2014
- Publisher : Routledge
- ISBN : 9781317916246
- Genre : Business & Economics
- Total Page : 524 pages
- Language : English
- PDF File Size : 15,7 Mb
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