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Author: John F. Raffensperger
Publisher: Springer
ISBN: 331955008X
Category : Business & Economics
Languages : en
Pages : 333
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Book Description
Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.
Author: John F. Raffensperger
Publisher: Springer
ISBN: 331955008X
Category : Business & Economics
Languages : en
Pages : 333
Get Book Here
Book Description
Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.
Author: K. William Easter
Publisher: Springer Science & Business Media
ISBN: 0585320888
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive. Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading. These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers. Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.
Author: Vanessa Casado-Perez
Publisher: Taylor & Francis
ISBN: 1317222709
Category : Law
Languages : en
Pages : 264
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Book Description
While water is an increasingly scarce resource, most existing methods to allocate it are neither economically nor environmentally efficient. In these circumstances, water markets offer developed countries a form of regulatory response capable of overcoming many of the shortcomings of current water management. The debate on water markets is, however, a polarized one. This is mostly a result of the misunderstanding of the roles played by governments in water markets. Proponents mistakenly portrayed them as leaving governments, for the most part, out of the picture. Opponents, in turn, understand commodification of water and administration by public agencies as incompatible. Casado Pérez argues that both sides of the debate overlook that water markets require a deeper and more varied governmental intervention than markets for other goods. Drawing on economic theories of regulation based on market failure, she explains the different roles governments should play to ensure a well-functioning water market, and concludes that only the visible hand of governments can ensure the success of water markets. Casado Pérez proves her case by examining case studies of California and Spain to assess the success of their water markets. She explores why water markets were more extensively institutionalized in California than in Spain in the first ten years since their introduction and how the role of governments in each case study impacted water market operation. This unique analysis of governmental roles in water markets, alongside qualitative studies of California and Spain, offers valuable guidance to understand environmental markets and to face the challenges presented by water management in regions with periodical droughts.
Author: Haoqing Xu
Publisher: Springer Nature
ISBN: 3031559894
Category :
Languages : en
Pages : 326
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Book Description
Author: Janos J. Bogardi
Publisher: Springer Nature
ISBN: 3030601471
Category : Technology & Engineering
Languages : en
Pages : 820
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Book Description
This book provides an overview of facts, theories and methods from hydrology, geology, geophysics, law, ethics, economics, ecology, engineering, sociology, diplomacy and many other disciplines with relevance for concepts and practice of water resources management. It provides comprehensive, but also critical reading material for all communities involved in the ongoing water discourses and debates. The book refers to case studies in the form of boxes, sections, or as entire chapters. They illustrate success stories, but also lessons to be remembered, to avoid repeating the same mistakes. Based on consolidated state-of-the-art knowledge, it has been conceived and written to attract a multidisciplinary audience. The aim of this handbook is to facilitate understanding between the participants of the international water discourse and multi-level decision making processes. Knowing more about water, but also about concepts, methods and aspirations of different professional, disciplinary communities and stakeholders professionalizes the debate and enhances the decision making.
Author: Ariel Dinar
Publisher: Routledge
ISBN: 1135976104
Category : Business & Economics
Languages : en
Pages : 366
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Book Description
This book includes chapters by experts from developing and developed countries that apply game theory to issues in natural resources and the environment, demonstrating the usefulness of game theory in policy-making and appealing to a wide audience.
Author: David A. Lloyd Owen
Publisher: John Wiley & Sons
ISBN: 1119078652
Category : Science
Languages : en
Pages : 257
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Book Description
An Insightful Examination of Smart Water Systems and Technology Inland water supplies are under increasing pressure. Climate, social, and demographic change have begun tipping the balance toward demand management, as supplies begins to dwindle. Water and wastewater infrastructure will play a central role in the management of this increasingly valuable resource, and Smart Water Technologies and Techniques: Data Capture and Analysis for Sustainable Water Management provides insight on a key part of the solution. Smart water applications optimise the way water and wastewater services are used, allowing more efficient allocation of limited resources while adding flexibility to the system. Automation, real-time data capture, and rapid interpretation allow utilities and users to monitor, manage, and act on the part of the water cycle that matters to them, minimizing costs of providing service through optimal use of extant assets. This book brings together the core principles, key developments, and current state-of-the-art into a single resource that: Considers smart water within operational, economic, policy, and regulatory contexts Provides a comprehensive overview of the smart water concept and the latest advances in the field Examines key considerations and objections raised to date Discusses the potential value of smart water, from perception to policy Shows how smart water systems can optimize efficiency and flexibility of water and wastewater management Explores future directions for smart water development in the pursuit of balanced supply and demand Although primarily designed for water supply and sanitation, smart water systems may be applied to irrigation, reservoir and dam management, inland water flows, and more, making it a valuable asset as water scarcity begins to spread around the globe. This book answers the questions, assuages concerns, and explains the technology that could revolutionize the way water is accessed and supplied.
Author: K. William Easter
Publisher: Springer Science & Business Media
ISBN: 0792382560
Category : Business & Economics
Languages : en
Pages : 306
Get Book Here
Book Description
Markets for Water: Potential and Performance dispels many of the myths surrounding water markets and gives readers a comprehensive picture of the way that markets have developed in different parts of the world. It is possible, for example, for a water market to fail, and for the transaction costs in water markets to be excessive. Too often water trading is banned because the water resources have been developed with public funds and the water agencies do not want to lose control over water. There is also a concern that poor farmers or households will be disadvantaged by water trading. These concerns about public resources and the poor are not very different from those that have been voiced in the past about land sales. The problem is that in many cases the poor already have limited access to resources, but this limit is not due to water trading. In fact, water trading is likely to expand the access to water for many small-scale farmers. Markets for Water: Potential and Performance provides an analytical framework for water market establishment. It develops the necessary conditions for water markets and illustrates how they can improve both water management and economic efficiency. Finally, the book gives readers an up-to-date picture of what we have learned about water markets in a wide range of countries, from the US to Chile and India.
Author: W. D. Shaw
Publisher: Edward Elgar Publishing
ISBN: 1788973038
Category : Nature
Languages : en
Pages : 404
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Book Description
This second edition includes updated information and an exploration of water issues outside the United States, as well as a new application of behaviorial and experimental economics to the topic. A concise introduction to issues of water quality and quantity in both urban and agricultural settings, Water Resource Economics and Policy will be a valuable resource or text for students and researchers in the fields of agricultural economics, geography, law and hydrology. Those involved in water resource agencies and private utilities will also find the book a useful reference.
Author: John A. List
Publisher: Edward Elgar Publishing
ISBN: 1847203043
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
This book explores frontier work at the intersection of experimental and environmental economics. It focuses on improving benefit - cost analysis, which remains the hallmark of public policy decision-making around the globe. It also explores important aspects associated with optimal resource use and regulation of resources.
