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Optimal cost-sharing rules for efficient water-resource development

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  • Marshall, Harold E.

Abstract

Inconsistencies are inherent in the cost-sharing rules applied to water-resource development by different Federal agencies for different project purposes. These inconsistencies have been criticized by both Federal and local interests in vague terms of "equity" and "efficiency," but no one has provided a model--needed by policy makers--that explains the relationships between alternative cost-sharing rules and efficiency. The model presented herein is designed to (l) measure the loss of economic efficiency that can result from different cost-sharing rules and (2) provide optimal cost-sharing rules that induce efficient water-resource development. The optimal rules call for an "association" of benefits and costs and "equal" cost-sharing for all ways of providing a single project purpose.

Suggested Citation

  • Marshall, Harold E., 1969. "Optimal cost-sharing rules for efficient water-resource development," WAEA/ WFEA Conference Archive (1929-1995) 291585, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaar:291585
    DOI: 10.22004/ag.econ.291585
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    Cited by:

    1. Lanier, Eleanor B., 1971. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1969-June 1970," Miscellaneous Publications 321802, United States Department of Agriculture, Economic Research Service.

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    Keywords

    Resource /Energy Economics and Policy;

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