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The Origins and Ideals of Water Resource Economics in the United States

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  • Ronald C. Griffin

    ()
    (Department of Agricultural Economics, Texas A&M University, College Station, Texas 77843)

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    Abstract

    An abbreviated history of water resource economics is reported within the context of coevolving water issues and the emerging institutions of the United States' past two centuries. Notable principles of water economics and their US origins are discussed. Some of the long-standing wisdom of the field is recalled. Landmarks for the founding doctrines of water marketing and efficient water pricing are identified.

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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-110811-114517
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    Bibliographic Info

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

    Volume (Year): 4 (2012)
    Issue (Month): 1 (08)
    Pages: 353-377

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    Handle: RePEc:anr:reseco:v:4:y:2012:p:353-377

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    Postal: Annual Reviews 4139 El Camino Way Palo Alto, CA 94306, USA
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    Related research

    Keywords: cost benefit analysis; water marketing; water pricing; economic history;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Weber, Marian L., 2001. "Markets for Water Rights under Environmental Constraints," Journal of Environmental Economics and Management, Elsevier, vol. 42(1), pages 53-64, July.
    2. D. Jay Goodman & Charles W. Howe, 1997. "Determinants of Ditch Company Share Prices in the South Platte River Basin," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 946-951.
    3. Scott E. Masten, 2011. "Public Utility Ownership in 19th-Century America: The "Aberrant" Case of Water," Journal of Law, Economics and Organization, Oxford University Press, vol. 27(3), pages 604-654.
    4. Hicks, John R, 1975. "The Scope and Status of Welfare Economics," Oxford Economic Papers, Oxford University Press, vol. 27(3), pages 307-26, November.
    5. Burness, H Stuart & Quirk, James P, 1979. "Appropriative Water Rights and the Efficient Allocation of Resources," American Economic Review, American Economic Association, vol. 69(1), pages 25-37, March.
    6. Ralph Turvey, 1976. "Analyzing the Marginal Cost of Water Supply," Land Economics, University of Wisconsin Press, vol. 52(2), pages 158-168.
    7. Haveman, Robert, 1967. "Benefit-Cost Analysis: Its Relevance to Public Investment Decisions: Comment," MPRA Paper 9876, University Library of Munich, Germany.
    8. Gisser, Micha, 1983. "Groundwater: Focusing on the Real Issue," Journal of Political Economy, University of Chicago Press, vol. 91(6), pages 1001-27, December.
    9. R. Quentin Grafton & Michael B. Ward, 2008. "Prices versus Rationing: Marshallian Surplus and Mandatory Water Restrictions," The Economic Record, The Economic Society of Australia, vol. 84(s1), pages S57-S65, 09.
    10. Chakravorty Ujjayant & Hochman Eithan & Zilberman David, 1995. "A Spatial Model of Optimal Water Conveyance," Journal of Environmental Economics and Management, Elsevier, vol. 29(1), pages 25-41, July.
    11. Griffin, Ronald C. & Mjelde, James W., 2011. "Distributing water's bounty," Ecological Economics, Elsevier, vol. 72(C), pages 116-128.
    12. H. Spencer Banzhaf, 2010. "Consumer Surplus with Apology: A Historical Perspective on Nonmarket Valuation and Recreation Demand," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 183-207, October.
    13. Basharat A. Pitafi & James A. Roumasset, 2009. "Pareto-Improving Water Management over Space and Time: The Honolulu Case," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 138-153.
    14. Anderson, Terry L & Johnson, Ronald N, 1986. "The Problem of Instream Flows," Economic Inquiry, Western Economic Association International, vol. 24(4), pages 535-54, October.
    15. Burness, H Stuart & Quirk, James P, 1980. "Water Law, Water Transfers, and Economic Efficiency: The Colorado River," Journal of Law and Economics, University of Chicago Press, vol. 23(1), pages 111-34, April.
    16. Johnson, Ronald N & Gisser, Micha, 1981. "The Definition of a Surface Water Right and Transferability," Journal of Law and Economics, University of Chicago Press, vol. 24(2), pages 273-88, October.
    17. Hugh Sibly, 2006. "Efficient Urban Water Pricing," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 39(2), pages 227-237, 06.
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