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 CIO spatially uniform water prices, both with sub-optimal conveyance. A numerical illustration is provided, c 1995 Academic Prtu, inc.
| Original language | English |
|---|---|
| Title of host publication | Economics of Water Resources |
| Subtitle of host publication | Institutions, Instruments and Policies for Managing Scarcity |
| Publisher | Taylor and Francis |
| Pages | 115-131 |
| Number of pages | 17 |
| ISBN (Electronic) | 9781351159289 |
| ISBN (Print) | 9780815388722 |
| State | Published - 18 Jan 2018 |
Bibliographical note
Publisher Copyright:© K. William Easter and Mary E. Renwick 2004. All right reserved.
