E-Book Overview
Global Outlook for Water Scarcity, Food Security, and Hydropower / Mark W. Rosegrant -- Water Scarcity and the Demand for Water Markets / Richard Howitt -- Ordering Extraction from Multiple Aquifers / James A. Roumasset and Christopher A. Wada -- Integrating Demand-Management with Development of Supply-Side Substitutes / James A. Roumasset and Christopher A. Wada -- Optimal Conjunctive Water Use over Space and Time / Sittidaj Pongkijvorasin and James A. Roumasset -- Strategic Behavior and Regulation over Time and Space / C.-Y. Cynthia Lin and Lisa Pfeiffer -- Water Allocation under Distribution Losses : A Perspective / Ujayant Chakravorty and Yazhen Gong -- The Good, Bad, and Ugly of Watershed Management / Kimberly Burnett, James A. Roumasset and Christopher A. Wada -- Externalities and Water Quality / Renan Goetz and Àngels Xabadia -- Groundwater Use and Irrigated Agriculture in California : Dynamics, Uncertainty, and Conjunctive Use / Keith Knapp and Kurt Schwabe -- Institutions for Managing Ground and Surface Water and the Theory of the Second-Best / Karl Jandoc, Richard Howitt, James A. Roumasset and Christopher A. Wada -- Towards an Economics of Irrigation Networks / Karl Jandoc, Ruben Juarez and James A. Roumasset -- Real-Time Information and Consumption : What Can Water Demand Programs Learn from Electricity Demand Programs? / John Lynham and Nori Tarui -- Water Scarcity and Water Institutions / Ariel Dinar and Yacov Tsur -- Managing Climate Risks through Water Trading / Bonnie Colby, George Frisvold and Matthew Mealy -- A California Postcard : Lessons for a Maturing Water Market / Ellen Hanak -- Water Trading Opportunities and Challenges in Europe / Gonzalo Delacámara, Carlos Mario Gómez and Josefina Maestu -- Water Trading in Australia : Understanding the Role of Policy and Serendipity / Lin Crase, Sue O'Keefe, Sarah Wheeler and Yukio Kinoshita -- Tradeoffs : Fish, Farmers, and Energy on the Columbia / Ray Huffaker -- Water Sales, Pecuniary Externalities and Local Development : Chinatown Revisited / Gary D. Libecap -- Agricultural Water Management at the Village Level in Northern China / Qiuqiong Huang, Jinxia Wang, Siwa Msangi, Scott Rozelle and Jikun Huang -- Implementing the European Water Framework Directive in Greece : An Integrated Socio-Economic Approach and Remaining Obstacles / Phoebe Koundouri and Osiel González Dávila -- Water Conservation and Trading : Policy Challenges in Alberta Canada / Henning Bjornlund and K.K. Klein.
E-Book Content
R ou t l e d g e Ha n d b o o k o f WAt e r e c o n om ic s a n d i n st i t u t io n s
Growing scarcity of freshwater worldwide brings to light the need for sound water resource modeling and policy analysis. While a solid foundation has been established for many specific water management problems, combining those methods and principles in a unified framework remains an ongoing challenge. This Handbook aims to expand the scope of efficient water use to include allocation of sources and quantities across uses and time, as well as integrating demand-management with supply-side substitutes. Socially efficient water use does not generally coincide with private decisions in the real world, however. Examples of mechanisms designed to incentivize efficient behavior are drawn from agricultural water use, municipal water regulation, and externalities linked to water resources. Water management is further complicated when information is costly and/or imperfect. Standard optimization frameworks are extended to allow for coordination costs, games and cooperation, and risk allocation. When operating efficiently, water markets are often viewed as a desirable means of allocation because a market price incentivizes users to move resources from low to high value activities. However, early attempts at water trading have run into many obstacles. Case studies from the United States, Aust