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Chapter 3 - Supply Costs, Demands and Benefits

Published online by Cambridge University Press:  21 April 2021

Ariel Dinar  and
Yacov Tsur
Ariel Dinar
Affiliation:
University of California, Riverside
Yacov Tsur
Affiliation:
Hebrew University of Jerusalem
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Summary

This short chapter identifies the ingredients needed to evaluate water policies. It specifies costs and benefits associated with water allocation and the ensuing welfare indices. The chapter discusses the benchmark against which various aspects of performance of the water economy (including the environment) will be evaluated in the following chapters. Benefits include not only those directly realized by consumers or suppliers but also those associated with external effects of water, e.g., ecosystem services.

Keywords

water demandwater supplyvariable and capital costsenvironmental waterwelfare indiceswater allocations
Type
Chapter
Information
The Economics of Water Resources
A Comprehensive Approach
 , pp. 64 - 74
Publisher: Cambridge University Press
Print publication year: 2021

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