Water policy guidelines: A comprehensive approach

Yacov Tsur and Amos Zemel

No 264871, Discussion Papers from Hebrew University of Jerusalem, Department of Agricultural Economics and Management

Abstract: We study water management in the context of a prototypical water economy containing the main water sources and user sectors. A water policy consists of water allocation from each source to each user sector at each point of time as well as the capital investments needed to carry out these allocations. We show that the optimal policy brings the water capital stocks (infrastructure and equipment) to well-specified turnpike processes as rapidly as possible and evolves along these turnpikes thereafter, eventually converging to a unique steady state. Implications for water pricing are discussed

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 36
Date: 2017-09-27
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Persistent link: https://EconPapers.repec.org/RePEc:ags:huaedp:264871

DOI: 10.22004/ag.econ.264871

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