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On the Economics of Water Allocation and Pricing

Author

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  • Yacov Tsur

    (Department of Agricultural Economics and Management, The Hebrew University of Jerusalem, 76100, Israel)

Abstract

I present the economic principles of water allocation and pricing in a schematic water economy representing a wide range of real-world situations. The water policy has inter- and intratemporal components. The former determines extractions from the naturally replenished sources, given the stochastic nature of recharge processes. The latter is concerned mainly with the allocation of the extracted and produced water among the end users. The optimal water prices associated with the intratemporal allocation task are derived. Implementation of the optimal policy is discussed.

Suggested Citation

  • Yacov Tsur, 2009. "On the Economics of Water Allocation and Pricing," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 513-536, September.
    • Handle: RePEc:anr:reseco:v:1:y:2009:p:513-536
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144256
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    Citations

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    Cited by:

    1. Xie, Yang & Zilberman, David, 2014. "The Economics of Water Project Capacities and Conservation Technologies," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169820, Agricultural and Applied Economics Association.
    2. Yacov Tsur & Amos Zemel, 2017. "Water policy guidelines: A comprehensive approach," Discussion Papers 264871, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    3. Mara Thiene & Yacov Tsur, 2013. "Agricultural Landscape Value and Irrigation Water Policy," Journal of Agricultural Economics, Wiley Blackwell, vol. 64(3), pages 641-653, September.
    4. Tsur, Yacov, 2020. "Optimal water pricing: Accounting for environmental externalities," Ecological Economics, Elsevier, vol. 170(C).

    More about this item

    Keywords

    scarcity; pricing; optimal allocation; water economy;
    All these keywords.

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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