PARETO-IMPROVING WATER MANAGEMENT OVER SPACE AND TIME
B Pitafi and
James Roumasset ()
No 20022, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Proposals for marginal cost water pricing have often been found to be politically infeasible because current users will have to pay a higher price even though future users will be better off. We show how efficiency pricing can be rendered Pareto-improving, and thus politically feasible, by compensating the users suffering a loss due to higher prices. We also provide a method for determining efficient spatial and inter-temporal water management for a system with consumption at significantly different elevations supplied from a renewable coastal aquifer, which is subject to salinity if over-extracted.
Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20022
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