By Roy Brouwer, David Pearce
`Water is not only H2O, yet has a socioeconomic worth for many use and non-use reasons. This quantity encompasses a various set of very attention-grabbing assessment reports on water assets administration. The editors have served the clinical neighborhood and suitable coverage our bodies with a balanced choice of operational contributions to a fantastic cost-benefit point of view on water administration. This publication is definitely an eye-opener for an individual drawn to the importance of cost-benefit research for water coverage issues.' - Peter Nijkamp, Vrije Universiteit Amsterdam, The Netherlands `The ebook chapters are written to house readers of varied disciplines, utilizing a descriptive research of complex concerns to be simply comprehended through non-technical readers. The assurance of the problems is additionally extraordinary, together with software of CBA to flood keep watch over, river recovery, river basin administration, water caliber, flooring water, and water allocation, to say just a couple of. the gang of contributing specialists is additionally very awesome, together with authoritative practitioners and academicians, all of whom show a excessive point of workmanship and adventure. In an international the place water turns into a contested scarce source, the correct use of financial instruments in a coverage context is a vital target. This ebook with its authoritative suggestions does give a contribution to reaching it.' - Ariel Dinar, international financial institution and Johns Hopkins institution of complex foreign stories, US `This booklet offers a fantastic beginning within the concept and strategies of cost-benefit research of water assets, in addition to quite a lot of case experiences that illustrate the sensible facets of utilising cost-benefit research. there's a lot an aspiring cost-benefit practitioner and water assets planner can research from this quantity to enhance the commercial potency of water source management.' - John Loomis, Colorado kingdom collage, US `This booklet bargains a different and extremely coherent selection of formidable CBA stories of water-related concerns. it may be obvious as a exhibit of the strength, in addition to a attempt at the limits, of cost-benefit research. Given the expanding value of powerful and effective administration of water - according to water shortage, water toxins and weather traits - the classes from this e-book could be very worthwhile to policymakers and social scientists alike.' - Jeroen van den Bergh, Vrije Universiteit Amsterdam, The Netherlands How are the commercial values of water and water caliber accounted for in coverage and venture appraisal? this significant new booklet goals to provide an review of the cutting-edge in Cost-Benefit research (CBA) in water assets administration all through Europe and North the USA, in addition to an exam of present functions. the prestigious authors spotlight difficulties and demanding situations encountered in using CBA in 15 country-specific case stories. in keeping with those case experiences, the price and boundaries of CBA in water assets administration are assessed and particular consciousness is paid to the institutional and coverage context during which CBA is performed. Cost-Benefit research and Water assets administration is written for either teachers and policymakers drawn to the use and value of CBA in water assets administration. members: I.J. Bateman, J. Briscoe, R. Bronda, R. Brouwer, P. Campos-Palac?n, A. Dubgaard, D.P. Dupont, P. Frykblom, S. Georgiou, C. Griffiths, B. Groom, A. Helgesson, M.F. Kalles?e, J.M. sort, A. Kontogianni, P. Koundouri, J. Ladenburg, I.H. Langford, J. L?pez-Linage, S. Loubier, J. Maestu, D.W. Pearce, M.L. Petersen, S. Renzetti, J.-D. Rinaudo, H. Scharin, M. Skourtos, R. Smale, T. S?derqvist, G. Soto Montes de Oca, T. Swanson, W. Wheeler, R.A. younger, B. Zanou
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Additional resources for Cost-Benefit Analysis And Water Resources Management
ECONOMIC VALUE VERSUS OTHER CONCEPTS OF VALUE The economic approach is not the only way to assign values to natural and environmental resources. Broadly speaking, values can be termed extrinsic or intrinsic, both of which are relevant for water and environmental policy. The distinction rests on whether the basis for valuation derives from consequences for human welfare. Extrinsic (sometimes also called instrumental) values are those that arise because things or acts are instruments for humankind for attaining other things of intrinsic value.
First, since EU Treaties require that some comparison of costs and benefits be made for new regulations (Article 130r of the Treaty on European Union 1992), the failure to attach a cost–benefit analysis to Directive proposals would provide fairly strong prima facie evidence that economic efficiency is being ignored. Second, if cost does not receive explicit mention as a balancing factor within the Directive itself, then, again we have evidence that the public trust philosophy is 10 Cost–benefit analysis and water resources management securing the upper hand.
Three types of estimates are employed. Primary sources of the prices used for CBA are the result of observing the market activities. However, in the second type (often the case in water planning) it is necessary to make adjustments to observed market prices (for example, when agricultural commodity prices are controlled by government regulation or when minimum wage rates are set above market clearing prices). Finally, in many cases, it will be necessary to estimate prices that do not exist at all in any market (such as the value of water used for wetland preservation).
Cost-Benefit Analysis And Water Resources Management by Roy Brouwer, David Pearce