Economics of Water Resources

‘Some may think that the value addition from the volumes is relatively limited in these days when one can download electronic journals immediately; but one should not underestimate the value of having a collection of hand to read, refer, and then decide on what to download if any. Of especial note are the several survey articles that are also in the volumes. Thank you to Professor Grafton and Edward Elgar for a great set of papers and an elegant publication.’
– Bhanoji Rao, Water Resources Development

‘. . . a welcome contribution. . . the breadth of coverage in the collection is good, drawing from a wide range of journals, and containing a great number of classic articles. In addition, Grafton provides the authoritative introduction the collection needs. . . The collection covers an important field and provides a useful means for researchers to acquaint themselves with most of the main themes in the water resource economics literature.’
– Paul Metcalfe, Environment and Planning

‘We have here a wonderfully comprehensive and inspired collection of the best work on this important natural resource. Water remains a seriously problematic political and economic issue throughout the world. These excellent papers will certainly help us to get the economics of water resources right.’
– Daniel W. Bromley, University of Wisconsin, Madison, US

95 articles, dating from 1967 to 2008
Contributors include: G. Brown, R. Carson, A. Dinar, R. Griffin, M. Hanemann, N. Hanley, C. Howe, R. Mendelsohn, A. Xepapadeas, R. Young, D. Zilberman

Contents:

Acknowledgements

Introduction R. Quentin Grafton

PART I ENVIRONMENTAL AND IN-STREAM FLOWS
1. Robert P. Berrens, Philip Ganderton and Carol L. Silva (1996), ‘Valuing the Protection of Minimum Instream Flows in New Mexico’
2. Bonnie G. Colby (1989), ‘Estimating the Value of Water in Alternative Uses’
3. John T. Daubert and Robert A. Young (1981), ‘Recreational Demands for Maintaining Instream Flows: A Contingent Valuation Approach’
4. John W. Duffield, Christopher J. Neher and Thomas C. Brown (1992), ‘Recreation Benefits of Instream Flow: Application to Montana’s Big Hole and Bitterroot Rivers’
5. LeRoy T. Hansen and Arne Hallam (1991), ‘National Estimates of the Recreational Value of Streamflow’
6. Clay Landry (1998), ‘Market Transfers of Water for Environmental Protection in the Western United States’
7. John Loomis and Joseph Cooper (1990), ‘Economic Benefits of Instream Flow to Fisheries: A Case Study of California’s Feather River’
8. Benjamin M. Simon (1998), ‘Federal Acquisition of Water Through Voluntary Transactions for Environmental Purposes’
9. Frank A. Ward (1987), ‘Economics of Water Allocation to Instream Uses in a Fully Appropriated River Basin: Evidence From a New Mexico Wild River’
10. David B. Willis and Norman K. Whittlesey (1998), ‘Water Management Policies for Streamflow Augmentation in an Irrigated River Basin’

PART II ENVIRONMENTAL VALUATION
11. Charles W. Abdalla, Brian A. Roach and Donald J. Epp (1992), ‘Valuing Environmental Quality Changes Using Averting Expenditures: An Application to Groundwater Contamination’
12. Richard T. Carson and Robert Cameron Mitchell (1993), ‘The Value of Clean Water: The Public’s Willingness to Pay for Boatable, Fishable, and Swimmable Quality Water’
13. C.H. Green and S.M. Tunstall (1991), ‘The Evaluation of River Water Quality Improvements by the Contingent Valuation Method’
14. Christopher G. Leggett and Nancy E. Bockstael (2000), ‘Evidence of the Effects of Water Quality on Residential Land Prices’
15. Mark Morrison, Jeff Bennett and Russell Blamey (1999), ‘Valuing Improved Wetland Quality Using Choice Modeling’
16. Gregory L. Poe (1998), ‘Valuation of Groundwater Quality Using a Contingent Valuation-damage Function Approach’
17. Daigee Shaw, Yu-Lan Chien and Yih-Ming Lin (1999), ‘Alternative Approach to Combining Revealed and Stated Preference Data: Evaluating Water Quality of a River System in Taipei’

PART III WATER POLLUTION
18. Dana L. Hoag and Jennie S. Hughes-Popp (1997), ‘Theory and Practice of Pollution Credit Trading in Water Quality Management’
19. Eithan Hochman, David Zilberman and Richard Just (1977), ‘Internalization in a Stochastic Pollution Model’
20. Donna J. Lee and Richard E. Howitt (1996), ‘Modeling Regional Agricultural Production and Salinity Control Alternatives for Water Quality Policy Analysis’
21. Stephen Merrett (2000), ‘Industrial Effluent Policy: Economic Instruments and Environmental Regulation’
22. Timothy O. Randhir and John G. Lee (1997), ‘Economic and Water Quality Impacts of Reducing Nitrogen and Pesticide Use in Agriculture’
23. Alfons Weersink and John Livernois (1996), ‘The Use of Economic Instruments to Resolve Water Quality Problems from Agriculture’

PART IV IRRIGATION
24. Janis M. Carey and David Zilberman (2002), ‘A Model of Investment under Uncertainty: Modern Irrigation Technology and Emerging Markets in Water’
25. Margriet Caswell and David Zilberman (1985), ‘The Choices of Irrigation Technologies in California’
26. Ujjayant Chakravorty, Eithan Hochman and David Zilberman (1995), ‘A Spatial Model of Optimal Water Conveyance’
27. A. Dinar and A. Xepapadeas (1998), ‘Regulating Water Quantity and Quality in Irrigated Agriculture’
28. John Faux and Gregory M. Perry (1999), ‘Estimating Irrigation Water Value Using Hedonic Price Analysis: A Case Study in Malheur County, Oregon’
29. Richard L. Gardner and Robert A. Young (1988), ‘Assessing Strategies for Control of Irrigation-Induced Salinity in the Upper Colorado River Basin’
30. Richard E. Just and David Zilberman (1985), ‘Income Distributional Implications of Water Policy Decisions’
31. Susanne M. Scheierling, John B. Loomis and Robert A. Young (2006), ‘Irrigation Water Demand: A Meta-analysis of Price Elasticities’
32. R.G. Taylor and Robert A. Young (1995), ‘Rural-to-Urban Water Transfers: Measuring Direct Foregone Benefits of Irrigation Water under Uncertain Water Supplies’

PART V GROUNDWATER USE AND MANAGEMENT
33. Gardner Brown, Jr. and Robert Deacon (1972), ‘Economic Optimization of a Single-Cell Aquifer’
34. Micha Gisser (1983), ‘Groundwater: Focusing on the Real Issue’
35. Micha Gisser and David A. Sánchez (1980), ‘Competition Versus Optimal Control in Groundwater Pumping’
36. Petra Hellegers, David Zilberman and Ekko van Ierland (2001), ‘Dynamics of Agricultural Groundwater Extraction’
37. Keith C. Knapp and Lars J. Olson (1995), ‘The Economics of Conjunctive Groundwater Management with Stochastic Surface Supplies’
38. Phoebe Koundouri (2004), ‘Current Issues in the Economics of Groundwater Resource Management’
39. Erik Lichtenberg, David Zilberman and Kenneth T. Bogen (1989), ‘Regulating Environmental Health Risks under Uncertainty: Groundwater Contamination in California’
40. Bill Provencher and Oscar Burt (1993), ‘The Externalities Associated with the Common Property Exploitation of Groundwater’
41. Yacov Tsur and Theodore Graham-Tomasi (1991), ‘The Buffer Value of Groundwater with Stochastic Surface Water Supplies’
42. Virginia E. Worthington, Oscar R. Burt and Richard L. Brustkern (1985), ‘Optimal Management of a Confined Groundwater System’
Name Index

Volume II

Acknowledgements

An introduction by the editor to both volumes appears in Volume I

PART I RESIDENTIAL AND NON-RESIDENTIAL WATER USE
1. Fernando Arbués, María Ángeles García-Valiñas and Roberto Martínez-Espiñeira (2003), ‘Estimation of Residential Water Demand: A State-of-the-Art Review’
2. T.A. Cameron and M.B. Wright (1990), ‘Determinants of Household Water Conservation Retrofit Activity: A Discrete Choice Model Using Survey Data’
3. Diane P. Dupont and Steven Renzetti (2001), ‘The Role of Water in Manufacturing’
4. Mary E. Renwick and Richard D. Green (2000), ‘Do Residential Water Demand Side Management Policies Measure Up? An Analysis of Eight California Water Agencies’
5. Mary E. Renwick and Sandra O. Archibald (1998), ‘Demand Side Management Policies for Residential Water Use: Who Bears the Conservation Burden?’
6. Steven Renzetti (1992), ‘Evaluating the Welfare Effects of Reforming Municipal Water Prices’
7. Steven Renzetti (1999), ‘Municipal Water Supply and Sewage Treatment: Costs, Prices, and Distortions’
8. Ellen M. Pint (1999), ‘Household Responses to Increased Water Rates During the California Drought’

PART II RIGHTS, OWNERSHIP AND EFFICIENCY
9. Arunava Bhattacharyya, Elliott Parker and Kambiz Raffiee (1994), ‘An Examination of the Effect of Ownership on the Relative Efficiency of Public and Private Water Utilities’
10. H. Stuart Burness and James P. Quirk (1979), ‘Appropriative Water Rights and the Efficient Allocation of Resources’
11. Jasper M. Dalhuisen, Henri L.F. de Groot and Peter Nijkamp (2000), ‘The Economics of Water: A Survey of Issues’
12. Susan Feigenbaum and Ronald Teeples (1983), ‘Public Versus Private Water Delivery: A Hedonic Cost Approach’
13. Ronald C. Griffin and Shih-Hsun Hsu (1993), ‘The Potential for Water Market Efficiency when Instream Flows Have Value’
14. Charles W. Howe, Carolyn S. Boggs and Peter Butler (1990), ‘Transaction Costs as Determinants of Water Transfers’
15. Charles W. Howe, Dennis R. Schurmeier and W. Douglas Shaw, Jr. (1986), ‘Innovative Approaches to Water Allocation: The Potential for Water Markets’
16. Ronald N. Johnson, Micha Gisser and Michael Werner (1981), ‘The Definition of a Surface Water Right and Transferability’
17. Ronald Teeples and David Glyer (1987), ‘Cost of Water Delivery Systems: Specification and Ownership Effects’

PART III WATER DEMAND AND SUPPLY STUDIES
18. Robert M. Clark and Richard G. Stevie (1981), ‘A Water Supply Cost Model Incorporating Spatial Variables’
19. Jasper M. Dalhuisen, Raymond J.G.M. Florax, Henri L.F. de Groot and Peter Nijkamp (2003), ‘Price and Income Elasticities of Residential Water Demand: A Meta-Analysis’
20. Julie A. Hewitt and W. Michael Hanemann (1995), ‘A Discrete/Continuous Choice Approach to Residential Water Demand under Block Rate Pricing’
21. Charles W. Howe and F.P. Linaweaver, Jr. (1967), ‘The Impact of Price on Residential Water Demand and Its Relation to System Design and Price Structure’
22. Michael L. Nieswiadomy (1992), ‘Estimating Urban Residential Water Demand: Effects of Price Structure, Conservation, and Education’
23. Joseph V. Terza and W.P. Welch (1982), ‘Estimating Demand under Block Rates: Electricity and Water’
24. Stephen J. Turnovsky (1969), ‘The Demand for Water: Some Evidence on Consumers’ Response to a Commodity in Uncertain Supply’
25. J.E. Schefter and E.L. David (1985), ‘Estimating Residential Water Demand under Multi-Part Tariffs Using Aggregate Data’
26. Ralph Turvey (1976), ‘Analyzing the Marginal Cost of Water Supply’

PART IV WATER PRICING AND MANAGEMENT
27. Eyal Brill, Eithan Hochman and David Zilberman (1997), ‘Allocation and Pricing at the Water District Level’
28. Michael Moore and Ariel Dinar (1995), ‘Water and Land as Quantity-Rationed Inputs in California Agriculture: Empirical Tests and Water Policy Implications’
29. James Goldstein (1986), ‘Full-Cost Water Pricing’
30. Ronald C. Griffin (2001), ‘Effective Water Pricing’
31. R. Quentin Grafton and Tom Kompas (2007), ‘Pricing Sydney Water’
32. Charles W. Howe (1982), ‘The Impact of Price on Residential Water Demand: Some New Insights’
33. R. Huffaker, N. Whittlesey, A. Michelsen, R. Taylor and T. McGuckin (1998), ‘Evaluating the Effectiveness of Conservation Water-Pricing Programs’
34. James E.T. Moncur (1987), ‘Urban Water Pricing and Drought Management’
35. R. Manning and D. Gallagher (1982), ‘Optimal Water Pricing and Storage: The Effect of Discounting’
36. G.C. Dandy, E.A. McBean and B.G. Hutchinson (1984), ‘A Model for Constrained Optimum Water Pricing and Capacity Expansion’

PART V WATER SCARCITY AND RELIABILITY
37. Malin Falkenmark and Jan Lundquist (1998), ‘Towards Water Security: Political Determination and Human Adaptation Crucial’
38. Ronald C. Griffin and James W. Mjelde (2000), ‘Valuing Water Supply Reliability’
39. Charles W. Howe and Mark Griffin Smith with Lynne Bennett, Charles M. Brendecke, J. Ernest Flack, Robert M. Hamm, Roger Mann, Lee Rozaklis and Karl Wunderlich (1994), ‘The Value of Water Supply Reliability in Urban Water Systems’
40. Jay R. Lund (1995), ‘Derived Estimation of Willingness to Pay to Avoid Probabilistic Shortage’
41. Robert Mendelsohn and Ariel Dinar (2003), ‘Climate, Water, and Agriculture’
42. Ari M. Michelsen and Robert A. Young (1993), ‘Optioning Agricultural Water Rights for Urban Water Supplies During Drought’
43. James E.T. Moncur and Richard L. Pollock (1988), ‘Scarcity Rents for Water: A Valuation and Pricing Model’
44. David Seckler, Randolph Barker and Upali Amarasinghe (1999), ‘Water Scarcity in the Twenty-first Century’
45. David Zilberman, Andrew Schmitz, Ariel Dinar and Farhed Shah (1993), ‘A Water Scarcity or a Water Management Crisis?’
46. R. Quentin Grafton and Michael Ward (2008), ‘Prices versus Rationing: Marshallian Surplus and Mandatory Water Restrictions’

PART VI WATER SUPPLY AND DEMAND IN POOR COUNTRIES
47. Mir Anjum Altaf, Dale Whittington, Haroon Jamal and V. Kerry Smith (1993), ‘Rethinking Rural Water Supply Policy in the Punjab, Pakistan’
48. Samer Madanat and Frannie Humplick (1993), ‘A Model of Household Choice of Water Supply Systems in Developing Countries’
49. Alexander A. McPhail (1994), ‘Why Don’t Households Connect to the Piped Water System? Observations from Tunis, Tunisia’
50. D.V. Raje, P.S. Dhobe and A.W. Deshpande (2002), ‘Consumer’s Willingness to Pay More for Municipal Supplied Water: A Case Study’
51. Wilson S.K. Wasike and Nick Hanley (1998), ‘The Pricing of Domestic Water Services in Developing Countries: A Contingent Valuation Application to Kenya’
52. Dale Whittington, Donald T. Lauria and Xinming Mu (1991), ‘A Study of Water Vending and Willingness to Pay for Water in Onitsha, Nigeria’
53. World Bank Water Demand Research Team (1993), ‘The Demand for Water in Rural Areas: Determinants and Policy Implications’

Name Index