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The New Economics of Evaluating Water Projects

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  • Per-Olov Johansson

    ()
    (Department of Economics, Stockholm School of Economics, 11383 Stockholm, Sweden)

  • Bengt Kriström

    ()
    (Centre for Environmental & Resource Economics, SLU, Umeå University, 90187 Umeå, Sweden)

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    Abstract

    We review key developments in the cost-benefit analysis of water projects, including conceptual and empirical issues. We emphasize general equilibrium and dynamics, in particular the links between economic and ecological systems.

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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120102
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    Bibliographic Info

    Article provided by Annual Reviews in its journal Annual Review of Resource Economics.

    Volume (Year): 3 (2011)
    Issue (Month): 1 (October)
    Pages: 231-254

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    Handle: RePEc:anr:reseco:v:3:y:2011:p:231-254

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    Related research

    Keywords: hydropower; cost-benefit analysis; environmental benefits; externalities; option values;

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