Abstract
Most water projects suffer from losses in conveyance. Because conveyance has public good characteristics, investment in reducing conveyance losses must be provided by a central authority. This paper develops a spatial model to determine optimal conveyance investment, water allocation, and investment in firm-specific conservation technology. The efficiency and distributional characteristics of the optimal solution are compared to projects with (i) well-developed water markets and (ii) spatially uniform water prices, both with sub-optimal conveyance. A numerical illustration is provided.
| Original language | English |
|---|---|
| Pages (from-to) | 25-41 |
| Number of pages | 17 |
| Journal | Journal of Environmental Economics and Management |
| Volume | 29 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jul 1995 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 6 Clean Water and Sanitation
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