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Water Resource Economics

The Analysis of Scarcity, Policies, and Projects

Ronald C. Griffin (Texas A&M University)

$230

Hardback

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English
MIT Press
18 March 2016
Series: The MIT Press
Updated edition of a comprehensive introduction to the economics of water management, with self-contained treatment of all necessary economic concepts.

Economics brings powerful insights to water management, but most water professionals receive limited training in it. The second edition of this text offers a comprehensive development of water resource economics that is accessible to engineers and natural scientists as well as to economists. The goal is to build a practical platform for understanding and performing economic analysis using both theoretical and empirical tools. Familiarity with microeconomics or natural resource economics is helpful, but all the economics needed is presented and developed progressively in the text.

The book focuses on the scarcity of water quantity (rather than on water quality). The author presents the economic theory of resource allocation, recognizing the peculiarities imposed by water, and then goes on to treat a range of subjects including conservation, groundwater depletion, water law, policy analysis, cost-benefit analysis, water marketing, privatization, and demand and supply estimation. Added features of this updated edition include a new chapter on water scarcity risk (with climate change and necessary risk tools introduced progressively) and new risk-attentive material elsewhere in the text; sharper treatment of block rates and pricing doctrine; expanded attention to contemporary literature and issues; and new appendixes on input-output analysis, water footprinting and virtual water, and cost allocation. Each chapter ends with a summary and exercises.
By:  
Imprint:   MIT Press
Country of Publication:   United States
Edition:   second edition
Dimensions:   Height: 229mm,  Width: 178mm,  Spine: 27mm
Weight:   939g
ISBN:   9780262034043
ISBN 10:   0262034042
Series:   The MIT Press
Pages:   496
Publication Date:  
Recommended Age:   From 18 years
Audience:   College/higher education ,  Primary
Format:   Hardback
Publisher's Status:   Active

Ronald C. Griffin is Professor in the Department of Agricultural Economics, Texas A&M University.

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