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Material or Process Book or Chapter Title Author or Editor Publication dates

Routledge Handbook of Water Economics and Institutions

Edited by: Kimberly Burnett , Richard Howitt , James A. Roumasset , Christopher A. Wada

Print publication date:  December  2014
Online publication date:  December  2014

Print ISBN: 9780415728560
eBook ISBN: 9781315851624
Adobe ISBN: 9781317916253

10.4324/9781315851624
 Cite  Marc Record

Book description

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, Australia, Europe, and Canada highlight the successes and remaining challenges of establishing efficient water markets.

Table of contents

Prelims Download PDF
Chapter  1:  Global outlook for water scarcity, food security, and hydropower  Download PDF
Chapter  2:  Water scarcity and the demand for water markets  Download PDF
Chapter  3:  Ordering extraction from multiple aquifers  Download PDF
Chapter  4:  Integrating demand-management with development of supply-side substitutes  Download PDF
Chapter  5:  Optimal conjunctive water use over space and time  Download PDF
Chapter  6:  Strategic behavior and regulation over time and space  Download PDF
Chapter  7:  Water allocation under distribution losses  Download PDF
Chapter  8:  The good, bad, and ugly of watershed management  Download PDF
Chapter  9:  Externalities and water quality  Download PDF
Chapter  10:  Groundwater use and irrigated agriculture in California  Download PDF
Chapter  11:  Institutions for managing ground and surface water and the theory of the second-best  Download PDF
Chapter  12:  Towards an economics of irrigation networks  Download PDF
Chapter  13:  Real-time information and consumption  Download PDF
Chapter  14:  Water scarcity and water institutions  Download PDF
Chapter  15:  Managing climate risks through water trading  Download PDF
Chapter  16:  A California postcard  Download PDF
Chapter  17:  Water trading opportunities and challenges in Europe  Download PDF
Chapter  18:  Water trading in Australia  Download PDF
Chapter  19:  Tradeoffs  Download PDF
Chapter  20:  Water sales, pecuniary externalities and local development  Download PDF
Chapter  21:  Agricultural water management at the village level in northern China  Download PDF
Chapter  22:  Implementing the European Water Framework Directive in Greece  Download PDF
Chapter  23:  Water conservation and trading  Download PDF
Index Download PDF
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