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Cost�benefit analysis and efficient water allocation in Cyprus

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  • Ben Groom
  • Phoebe Koundouri
  • Timothy Swanson

Abstract

The scarcity of water resources in both arid and temperate countries alike is one of the most pervasive natural resource allocation problems facing water users and policy-makers. In arid countries this problem is faced each day in the myriad of conflicts that surround its use.Water scarcity is a fact with which all countries have to become increasingly involved. Water scarcity occurs across many dimensions. First, there is growing demand for water in residential, industrial and agricultural sectors stemming largely from population and economic growth. Secondly, supply-side augmentation options have become increasingly constrained and restrictively costly in many countries. In combination, demand growth and supply-side interventions have stretched current water availability to its hydrological limits. In addition to these quantity constraints, the limits to the assimilative capacity of water resources for human and industrial waste have been reached in many places, and the quality of freshwater has been degraded (Winpenny, 1994).

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File URL: http://wpa.deos.aueb.gr/docs/CBA_CYPRUS.pdf
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Bibliographic Info

Paper provided by Athens University of Economics and Business in its series DEOS Working Papers with number 0502.

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Publication status: Published in Cost�Benefit Analysis And Water Resources Management
Handle: RePEc:aue:wpaper:0502

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Related research

Keywords: Water allocation; cost-benefit analysis; Cyprus;

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  1. Hajispyrou, Soteroula & Koundouri, Phoebe & Pashardes, Panos, 2002. "Household demand and welfare: implications of water pricing in Cyprus," Environment and Development Economics, Cambridge University Press, vol. 7(04), pages 659-685, October.
  2. Phoebe Koundouri & Panos Pashardes & Timothy Swanson & Anastasios Xepapadeas, . "The Economics of Water Management in Developing Countries Problems, Principles and Policies," DEOS Working Papers 0303, Athens University of Economics and Business.
  3. Koundouri, Phoebe, 2000. "Three approaches to measuring natural resource scarcity: theory and application to groundwater," MPRA Paper 38265, University Library of Munich, Germany.
  4. Phoebe Koundouri & Panos Pashardes, 2003. "Hedonic Price Analysis and Selectivity Bias," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(1), pages 45-56, September.
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