Abstract
Many public and private decisions regarding water use, allocation, and management require estimation of water's value in alternative uses. This paper discusses economic concepts essential in valuing water, outlines and compares market and nonmarket based approaches used to estimate water values, and reviews the application of these methodologies fo r valuing water in instream, irrigation, municipal and industrial uses in the western United States.
| Original language | English (US) |
|---|---|
| Title of host publication | Economics of Water Resources |
| Subtitle of host publication | Institutions, Instruments and Policies for Managing Scarcity |
| Publisher | Taylor and Francis |
| Pages | 3-19 |
| Number of pages | 17 |
| ISBN (Electronic) | 9781351159289 |
| ISBN (Print) | 9780815388722 |
| State | Published - Jan 18 2018 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- General Business, Management and Accounting