Water is becoming an increasingly scarce commodity in many parts of the world. Population growth plus a growing appetite for larger quantities of cheap water quality as a result of urban, industrial, and agricultural pollution coupled with increasing environmental demands have further reduced usable suppliers. This book brings together thirty of the best economic articles addressing water scarcity issues within the US and Mexico. By touching on a number of different issues, this volume clearly articulates the need for improving existing institutional arrangements as well as for developing new arrangements to address growing water scarcity problems.
Contents: Part I: The Value of Water in Alternative Uses: Estimating the value of water in alternative uses, Bonnie G. Colby. Consumptive Water Uses: Rural-to-urban water transfers: measuring direct foregone benefits of irrigation water under uncertain water supplies, R.G. Taylor and Robert A. Young; Scarcity rents for water: a valuation and pricing model, James E.T. Moncur and Richard L. Pollock; The value of water supply reliability in urban water systems, 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. Non-consumptive Water Uses: Recreational demands for maintaining instream flows: a contingent valuation approach, John T. Daubert and Robert A. Young; Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey, John Loomis, Paula Kent, Liz Strange, Kurt Fausch and Alan Covich. Part II: Management and Optimum Water Allocation: Managing water scarcity: an evaluation of interregional transfers, H. J. Vaux, Jr and Richard E. Howitt. Basin Allocation and Optimum Surface Water Uses: Efficient spatial allocation of irrigation water, Ujjayant Chakravorty and James Roumasset; A spatial model of optimal water conveyance, Ujjayant Chakravorty, Eithan Hochman and David Zilberman; The optimal joint provision of water for irrigation and hydropower, Bishu Chatterjee, Richard E. Howitt and Richard J. Sexton. Optimum Use of Groundwater: Groundwater: focusing on the real issue, Micha Gisser; Optimal management of a renewable and replaceable resource: the case of coastal groundwater, Darrell L. Krulce, James A. Roumasset and Tom Wilson. Conjunctive Water Use: Approximating the optimal groundwater pumping policy in a multiaquifer stochastic conjunctive use setting, Bill Provencher and Oscar Burt; The stabilization role of groundwater when surface water supplies are uncertain: the implications for