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The New Economics of Evaluating Water Projects

Author

Listed:
  • 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)

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.

Suggested Citation

  • Per-Olov Johansson & Bengt Kriström, 2011. "The New Economics of Evaluating Water Projects," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 231-254, October.
  • Handle: RePEc:anr:reseco:v:3:y:2011:p:231-254
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120102
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    More about this item

    Keywords

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

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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