Theory of an Optimal Dynamical Water Resource Management Policy

Muhammad Ashfaq Ahmed and Nasreen Nawaz

MPRA Paper from University Library of Munich, Germany

Abstract: Water markets even though not perfect and require a lot of effort to establish are considered as a robust tool to address water management issues around the world. However, the existing literature does not provide an optimal water resource management policy. To create a perfect water market, the government needs to identify the potential number of suppliers/producers and consumers of water against various extraction/supply/production rates of water, i.e., to identify a supply and a demand curve for number of suppliers/producers of water against each production rate in economy. This article presents a theory which is practically applicable for an optimal dynamical water resource management policy.

Keywords: Water market; Production rate; Dynamic efficiency; Adjustment path; Equilibrium (search for similar items in EconPapers)
JEL-codes: H20 H23 H27 (search for similar items in EconPapers)
Date: 2022-01-15
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Published in Journal of Water Resource and Protection 3.15(2023): pp. 85-113

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125737

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