Water Resource Economics: The Analysis Of Scarcity, Policies, And Projects by Ronald C. GriffinWater Resource Economics: The Analysis Of Scarcity, Policies, And Projects by Ronald C. Griffin

Water Resource Economics: The Analysis Of Scarcity, Policies, And Projects

byRonald C. Griffin

Hardcover | March 18, 2016

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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.

Title:Water Resource Economics: The Analysis Of Scarcity, Policies, And ProjectsFormat:HardcoverProduct dimensions:496 pages, 9 × 7 × 1.06 inShipping dimensions:9 × 7 × 1.06 inPublished:March 18, 2016Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262034042

ISBN - 13:9780262034043


Editorial Reviews

The first edition of Griffin's book became an instant classic, useful for teachers and students of economics, and equally accessible to those with technical training outside of economics who focus on the critically important issue of water resource management. This superb update, with its expanded treatment of risk, water pricing, and marketing, ensures that Griffin's book will remain the 'best of the best' in this rapidly growing field.-Sheila M. Olmstead, Associate Professor of Public Affairs, The University of Texas at Austin