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Title Determining the economic value of water : concepts and methods / Robert A. Young and John B. Loomis.

Publication Info. New York : RFF Press, 2014.


Location Call No. Status
 Central Library - Circulating Collection - Request at Desk  HD1691 .D47 2014    Available
Edition Second edition.
Description xix, 337 pages : illustrations ; 24 cm
Bibliography Includes bibliographical references (pages 301-328) and index.
Contents CONCEPTS AND THEORY: Water, economics, and the nature of water policy issues -- Conceptual framework and special problems in valuing water -- METHODS FOR VALUING PRODUCERS' AND CONSUMERS' VALUES OF WATER: Methods for valuing producers' uses of water -- Applied methods of valuation of water-related ecosystem services -- APPLICATIONS OF VALUATION METHODS: Valuation of water used in irrigated crop production -- Valuing water used by industry -- Valuing water in household and related municipal uses -- Measuring benefits of flood risk reduction -- Valuation of selected water-related ecosystem goods and services.
Summary "Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water."-- Provided by publisher.
Subject Water-supply -- Economic aspects.
Water resources development -- Economic aspects.
Added Author Young, Robert A. (Robert Alton), 1931-2013.
ISBN 9780415838467 (hbk. ; alk. paper)
0415838460 (hbk. ; alk. paper)
9780415838504 (pbk. ; alk. paper)
0415838509 (pbk. ; alk. paper)
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