Pareto-Improving Water Management Over Space And Time
AbstractProposals for marginal cost water pricing have often been found to be politically infeasible because current users will have to pay a higher price even though future users will be better off. We show how efficiency pricing can be rendered Pareto-improving, and thus politically feasible, by compensating the users suffering a loss due to higher prices. We also provide a method for determining efficient spatial and inter-temporal water management for a system with consumption at significantly different elevations supplied from a renewable coastal aquifer, which is subject to salinity if over-extracted.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 20022.
Date of creation: 2004
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- Roumasset James & Wada Christopher A, 2011.
"Ordering Renewable Resources: Groundwater, Recycling, and Desalination,"
The B.E. Journal of Economic Analysis & Policy,
De Gruyter, vol. 11(1), pages 1-29, May.
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- Roumasset, James A. & Wada, Christopher, 2011. "Sequencing Renewables: Groundwater, Recycled Water, and Desalination," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania, Agricultural and Applied Economics Association 103753, Agricultural and Applied Economics Association.
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