On the Theory and Practice of Water Regulation

Yacov Tsur

No 47503, Discussion Papers from Hebrew University of Jerusalem, Department of Agricultural Economics and Management

Abstract: We study water regulation for a schematic water economy representing a wide range of real world situations. A water policy has inter- and intra-temporal components. The first determines the limits on extractions from the naturally replenished sources, given the stochastic nature of recharge processes associated with uncertain precipitation. The intra-temporal regulation is concerned mainly with the allocating of the extracted and produced water among the end-users. The prices that implement the optimal intra-temporal allocation are derived. Regulation issues associated with cost recovery and asymmetric information are discussed.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2009-01-15
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Persistent link: https://EconPapers.repec.org/RePEc:ags:huaedp:47503

DOI: 10.22004/ag.econ.47503

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