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The true value of irrigation water in the Olifants River Basin: Western Cape

Author

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  • Louw, D.B.
  • van Schalkwyk, Herman D.

Abstract

The true value of irrigation water in the Olifants river irrigation system is determined using a static deterministic linear programming model. This paper illustrates that a water market will generate price signals which will reflect the true scarcity of water. If the water market is left to operate pareto optimality will be reached and the general welfare of the nation will increase. What is more, water which is a true scarce resource in South Africa will be used more effectively.

Suggested Citation

  • Louw, D.B. & van Schalkwyk, Herman D., 1997. "The true value of irrigation water in the Olifants River Basin: Western Cape," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(4), pages 1-11, December.
    • Handle: RePEc:ags:agreko:54453
    DOI: 10.22004/ag.econ.54453
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    Cited by:

    1. Hoag, Dana L. & Conradie, Beatrice, 2003. "The Cost Of Meeting Equity: Opportunity Cost Of Irrigation In The Fish-Sundays Scheme Of South Africa," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25832, International Association of Agricultural Economists.

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    Keywords

    Resource /Energy Economics and Policy;

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