Book Review - Water Resource Economics (MIT Press, Cambridge, 2006, 402 pages (hardback), ISBN 0-262-07267-X)

Jackie Robinson
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Jackie Robinson: School of Economics, The University of Queensland (Australia)

Economic Analysis and Policy (EAP), 2008, vol. 38, issue 1, pages 172-172

Abstract: As developed countries reach a state where decisions regarding the supply and distribution of water resources are made in an environment of a ‘mature water economy’, water managers are increasingly turning towards economics to assist them to plan future supply to meet increasing demand. Griffin approaches the management of water resources from a neoclassical economics perspective. In short, economic efficiency and competitive markets dominate the rationale for resource management. Griffin has produced a textbook comprised of 12 chapters providing a comprehensive overview of water resource allocation issues including allocation efficiency, institutional considerations, policy evaluation using cost-benefit analysis as well as issues pertaining to modelling and management of supply and demand. ... Dr Jackie Robinson

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