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1 results

  • Chapter 3 - Supply Costs, Demands and Benefits

  • Ariel Dinar, University of California, Riverside, Yacov Tsur, Hebrew University of Jerusalem
  • Book:
    The Economics of Water Resources
    Published online:
    21 April 2021
    Print publication:
    15 April 2021, pp 64-74

  • 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.