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The Ex-Ante Economic Analysis of Investments in Large Dams: A Brief History

Author

Listed:
  • Dale Whittington

    (Departments of Environmental Sciences & Engineering and City & Regional Planning and the Global Research Institute, University of Manchester, UK)

  • V. Kerry Smith

    (Department of Economics, Arizona State University, USA)

Abstract

This paper provides an overview of six developments in the ex ante economic analyses of large dams: Adding Systems Analysis; Incorporating Multiple Objectives; Incorporating Environment and Social Losses; Recognizing Economy-Wide Linkages; Modeling Non-cooperative Behavior; and Dealing with Uncertainty. The paper briefly discusses the evolution of each development and summarizes how the research findings have been integrated into the practice of using economic analysis to evaluate potential public investments in large dams. The paper also considers how ex post analyses of dams have been conducted and whether the insights from them have influenced the ex ante analyses that followed that research.

Suggested Citation

  • Dale Whittington & V. Kerry Smith, 2020. "The Ex-Ante Economic Analysis of Investments in Large Dams: A Brief History," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-39, October.
    • Handle: RePEc:wsi:wepxxx:v:06:y:2020:i:04:n:s2382624x20500101
    DOI: 10.1142/S2382624X20500101
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    Citations

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    Cited by:

    1. Chakaphon Singto & Martijn Vries & Gert Jan Hofstede & Luuk Fleskens, 2021. "Ex Ante Impact Assessment of Reservoir Construction Projects for Different Stakeholders Using Agent-Based Modeling," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(3), pages 1047-1064, February.
    2. Dale Whittington & Richard T. Carson & Thomas Sterner, 2023. "Policy Note: Benefit Cost Analysis of Water Investments in the Anthropocene," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, July.

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