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Handbook of Water Economics
Water scarcity, whether in the quality or quantity dimension, afflicts most countries. Decisions on water management and allocation over time, space, and among uses and users involve economic considerations. This Handbook assembles research that represents recent thinking and applications in water economics. The book chapters are written by leading scholars in the field who address issues related to its use, management, and value. The topics cover analytical methods, sectoral and intersectoral water issues, and issues associated with different sources of water.
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Critical Acclaim
Contributors
Contents
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This comprehensive Handbook explores the role that economics plays in water resource use, management, and policy. The contributors cover a continuum of topics that individually and jointly represent the state of the art of water economics.
Leading scholars demonstrate ways in which economic theory, tools, and analyses have been used to address a variety of water-related issues over the years and, subsequently, to create better-informed policy and management decisions. Acknowledging and building upon the seminal research related to water economics, this book offers a current and provocative exploration of a variety of topics, including:
• the role of institutions in developing sound water policy and water sustainability
• extraction, production, and use of surface water, groundwater, and recycled water, including the conjunctive use of these resources
• the use of water in industrial, residential, agricultural, and hydropower sectors as well as for the environment and ecosystems
• the role of experimental economics; methods to address climate change effects and adaptation; developments in the field of nonmarket valuation; approaches to nonpoint source pollution control and salinity pollution; issues related to water in the developing world; water and economic growth; and management of international water.
The Handbook of Water Economics will prove to be an enlightening, thought-provoking, and practical read for PhD students, researchers in water economics and management, water-related agency staff, and professionals interested in water-related economic issues at the local, state, national, and international levels.
Leading scholars demonstrate ways in which economic theory, tools, and analyses have been used to address a variety of water-related issues over the years and, subsequently, to create better-informed policy and management decisions. Acknowledging and building upon the seminal research related to water economics, this book offers a current and provocative exploration of a variety of topics, including:
• the role of institutions in developing sound water policy and water sustainability
• extraction, production, and use of surface water, groundwater, and recycled water, including the conjunctive use of these resources
• the use of water in industrial, residential, agricultural, and hydropower sectors as well as for the environment and ecosystems
• the role of experimental economics; methods to address climate change effects and adaptation; developments in the field of nonmarket valuation; approaches to nonpoint source pollution control and salinity pollution; issues related to water in the developing world; water and economic growth; and management of international water.
The Handbook of Water Economics will prove to be an enlightening, thought-provoking, and practical read for PhD students, researchers in water economics and management, water-related agency staff, and professionals interested in water-related economic issues at the local, state, national, and international levels.
Critical Acclaim
‘The Handbook of Water Economics provides a comprehensive treatment of the economics of water. Compiling contributions from over 40 water economists, the book encompasses a breadth of topics ranging from theoretical frameworks to methods, and from traditional problems to emerging challenges. Accessible to graduate students, researchers, and professionals, the book offers a broad overview of water-related issues, and covers essential material for developing a solid understanding of the role economics plays in driving water use, informing policy and designing long-term solutions.’
– Cloe Garnache, Water Economics and Policy
‘. . . Handbook of Water Economics by Dinar and Schwabe focuses on current issues in water economics. The Handbook, hence, presents, methods that water economists often apply and the role that water economics plays in water resources management, use and policy.’
European Review of Agricultural Economics
‘The evidence is clear that water conflicts and water management continue to present profound obstacles to peace and sustainable livelihoods. Ariel Dinar and Kurt Schwabe have produced a compelling collection of readings that offer important insights into this persistent problem. Chapters cover conceptual issues, competing uses, valuation, sectoral allocation, water markets, energy production, residential and industrial uses, ecosystems, water quality, and international (transboundary) concerns. This impressive volume will become an essential reference for years to come.’
– Daniel W. Bromley, University of Wisconsin–Madison, US
‘All in all, the book offers very interesting individual contributions by eminent scholars, illustrating the wide scope of water economics and the careful analysis that is necessary for this economic resource ‘with distinctive features.’
– Australian Journal of Agricultural and Resource Economics
– Cloe Garnache, Water Economics and Policy
‘. . . Handbook of Water Economics by Dinar and Schwabe focuses on current issues in water economics. The Handbook, hence, presents, methods that water economists often apply and the role that water economics plays in water resources management, use and policy.’
European Review of Agricultural Economics
‘The evidence is clear that water conflicts and water management continue to present profound obstacles to peace and sustainable livelihoods. Ariel Dinar and Kurt Schwabe have produced a compelling collection of readings that offer important insights into this persistent problem. Chapters cover conceptual issues, competing uses, valuation, sectoral allocation, water markets, energy production, residential and industrial uses, ecosystems, water quality, and international (transboundary) concerns. This impressive volume will become an essential reference for years to come.’
– Daniel W. Bromley, University of Wisconsin–Madison, US
‘All in all, the book offers very interesting individual contributions by eminent scholars, illustrating the wide scope of water economics and the careful analysis that is necessary for this economic resource ‘with distinctive features.’
– Australian Journal of Agricultural and Resource Economics
Contributors
Contributors: E. Ansink, K.A. Baerenklau, E.B. Barbier, R. Bark, H. Bejarano, K. Burnett, R.T. Carson, J. Connor, O.G. Dávila, A. Dinar, D.P. Dupont, B. Franklin, R.Q. Grafton, K. Hansen, F. Hernández-Sancho, H. Houba, B.H. Hurd, W.K. Jaeger, P.-O. Johansson, S. Kaplan, K.C. Knapp, P. Koundouri, B. Kriström, A. Loch, M. Molinos-Senante, S.K. Pattanayak, S. Pongkijvorasin, S. Renzetti, J. Roumasset, K. Schwabe, J. Shortle, V.K.Smith, D. Squires, Y. Tsur, C.A. Wada, J. Wang, F.A. Ward, S.A. Wheeler, D. Whittington, M.-Q. (Kent) Zhao, D. Zilberman
Contents
Contents:
1. Introduction
Ariel Dinar and Kurt Schwabe
PART I CONCEPTS AND THEORETICAL FOUNDATIONS
2. Institutions and Water
William K. Jaeger
3. Sustainability Economics of Groundwater Usage and Management
Keith C. Knapp and Bradley Franklin
4. Concepts and Methods for Assessing Economic Impacts from Climate Change on Water Resources
Brian H. Hurd
PART II SECTORAL FOCUS
5. Agricultural Water Management
Sarah Ann Wheeler, Rosalind Bark, Adam Loch and Jeff Connor
6. Economic Analysis of Industrial Water Use
Steven Renzetti
7. Residential Water Management: An Economic Perspective on Policy Instruments
V. Kerry Smith and Min-Qiang (Kent) Zhao
8. The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters
Phoebe Koundouri and Osiel González Dávila
9. Incentivizing Interdependent Resource Management: Watersheds, Groundwater and Coastal Ecology
Kimberly Burnett, Sittidaj Pongkijvorasin, James Roumasset and Christopher A. Wada
10. Hydropower Management: Electricity Versus other Values
Per-Olov Johansson and Bengt Kriström
11. Water, Land Use and Environmental Aspects of Biofuel Production
David Zilberman and Scott Kaplan
12. The Economic Sustainability Paradigm and Fresh Water and Marine Fisheries Governance
R. Quentin Grafton and Dale Squires
PART III WATER SOURCES
13. Economics of Surface Water Management: A Review
Frank A. Ward
14. Wastewater Management and Reuse
Francesc Hernandez-Sancho and Maria Molinos-Senante
PART IV ALTERNATIVE APPROACHES TO VALUING WATER
15. Experimental Economics and Water Resources
Hernán Bejarano and James Shortle
16. Nonmarket Valuation and Water Resource Management
Richard T. Carson
PART V WATER QUALITY MANAGEMENT
17. Model-based Regulation of Nonpoint Source Emissions
Kenneth A. Baerenklau and Jingjing Wang
18. Salinity and Groundwater Management: A Hydro-economic Analysis
Kurt Schwabe and Keith C. Knapp
PART VI ADDRESSING WATER SCARCITY
19. Water Markets: From Theory to Practice (With Focus on the USA)
Kristiana Hansen
20. Water Conservation: Thinking Beyond the Tap
Diane DuPont
21. Conjunctive Management of Water Resources in Agriculture
Yacov Tsur
PART VII TRANSBOUNDARY WATER MANAGEMENT
22. Joint Management of International Water Bodies under Scarcity and Variability
Ariel Dinar
23. The Economics of Transboundary Water Management
Erik Ansink and Harold Houba
PART VIII WATER IN THE DEVELOPING WORLD
24. Water and Sanitation Economics: Reflections on Application to Developing Economies
Dale Whittington and Subhrendu K. Pattanayak
25. Water and Growth in Developing Countries
Edward B. Barbier
Index
1. Introduction
Ariel Dinar and Kurt Schwabe
PART I CONCEPTS AND THEORETICAL FOUNDATIONS
2. Institutions and Water
William K. Jaeger
3. Sustainability Economics of Groundwater Usage and Management
Keith C. Knapp and Bradley Franklin
4. Concepts and Methods for Assessing Economic Impacts from Climate Change on Water Resources
Brian H. Hurd
PART II SECTORAL FOCUS
5. Agricultural Water Management
Sarah Ann Wheeler, Rosalind Bark, Adam Loch and Jeff Connor
6. Economic Analysis of Industrial Water Use
Steven Renzetti
7. Residential Water Management: An Economic Perspective on Policy Instruments
V. Kerry Smith and Min-Qiang (Kent) Zhao
8. The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters
Phoebe Koundouri and Osiel González Dávila
9. Incentivizing Interdependent Resource Management: Watersheds, Groundwater and Coastal Ecology
Kimberly Burnett, Sittidaj Pongkijvorasin, James Roumasset and Christopher A. Wada
10. Hydropower Management: Electricity Versus other Values
Per-Olov Johansson and Bengt Kriström
11. Water, Land Use and Environmental Aspects of Biofuel Production
David Zilberman and Scott Kaplan
12. The Economic Sustainability Paradigm and Fresh Water and Marine Fisheries Governance
R. Quentin Grafton and Dale Squires
PART III WATER SOURCES
13. Economics of Surface Water Management: A Review
Frank A. Ward
14. Wastewater Management and Reuse
Francesc Hernandez-Sancho and Maria Molinos-Senante
PART IV ALTERNATIVE APPROACHES TO VALUING WATER
15. Experimental Economics and Water Resources
Hernán Bejarano and James Shortle
16. Nonmarket Valuation and Water Resource Management
Richard T. Carson
PART V WATER QUALITY MANAGEMENT
17. Model-based Regulation of Nonpoint Source Emissions
Kenneth A. Baerenklau and Jingjing Wang
18. Salinity and Groundwater Management: A Hydro-economic Analysis
Kurt Schwabe and Keith C. Knapp
PART VI ADDRESSING WATER SCARCITY
19. Water Markets: From Theory to Practice (With Focus on the USA)
Kristiana Hansen
20. Water Conservation: Thinking Beyond the Tap
Diane DuPont
21. Conjunctive Management of Water Resources in Agriculture
Yacov Tsur
PART VII TRANSBOUNDARY WATER MANAGEMENT
22. Joint Management of International Water Bodies under Scarcity and Variability
Ariel Dinar
23. The Economics of Transboundary Water Management
Erik Ansink and Harold Houba
PART VIII WATER IN THE DEVELOPING WORLD
24. Water and Sanitation Economics: Reflections on Application to Developing Economies
Dale Whittington and Subhrendu K. Pattanayak
25. Water and Growth in Developing Countries
Edward B. Barbier
Index
