Hydro-economic Modeling in River Basin Management: Implications and Applications for the European Water Framework Directive

I. Heinz (), M. Pulido-Velazquez, J. Lund and J. Andreu

Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), 2007, vol. 21, issue 7, 1103-1125

Abstract: Economic ideas and processes are becoming increasingly integrated with more traditional engineering and hydrologic models of water management problems. Combining economic management concepts and performance indicators with an engineering-level of understanding of a hydrologic system can provide results and insights more directly relevant for water management decisions and policies. When such models are developed and used with involvement of stakeholders, they can become a basis for shared understanding of water problems as a foundation for negotiated management and policy solutions. When implemented with optimization software, integrated hydro-economic models also can suggest promising innovative solutions for policy-makers to consider. Their applications to river basin management problems are reviewed. Economic and integrated economic-engineering-hydrologic modeling is then discussed in the context of the evolving European Water Framework Directive. Relevant items are cost recovery and water pricing, cost-effectiveness of water management measures, and public participation in decision processes. Copyright Springer Science+Business Media, Inc. 2007

Keywords: water management; modeling; economics; environmental costs; cost recovery; water pricing; water allocation; cost-effectiveness; cost benefit analysis; optimization; water policy; European Union (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (49)

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DOI: 10.1007/s11269-006-9101-8

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