Smart Markets for Water Resources

Smart Markets for Water Resources
Author :
Publisher : Springer
Total Pages : 333
Release :
ISBN-10 : 9783319550084
ISBN-13 : 331955008X
Rating : 4/5 (84 Downloads)

Book Synopsis Smart Markets for Water Resources by : John F. Raffensperger

Download or read book Smart Markets for Water Resources written by John F. Raffensperger and published by Springer. This book was released on 2017-04-20 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public.


Smart Markets for Water Resources Related Books

Smart Markets for Water Resources
Language: en
Pages: 333
Authors: John F. Raffensperger
Categories: Business & Economics
Type: BOOK - Published: 2017-04-20 - Publisher: Springer

DOWNLOAD EBOOK

Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of hi
Smart Markets for Water Resources
Language: en
Pages: 270
Authors: John F Raffensperger
Categories: Business & Economics
Type: BOOK - Published: 2017-07-14 - Publisher:

DOWNLOAD EBOOK

Water Allocation and Water Markets
Language: en
Pages: 102
Authors: Robert R. Hearne
Categories: Nature
Type: BOOK - Published: 1995-01-01 - Publisher: World Bank Publications

DOWNLOAD EBOOK

World Bank Technical Paper No. 315. Focuses on water allocation problems and the performance of water markets in improving allocation. By examining specific cas
The Economics of Water
Language: en
Pages: 312
Authors: Georg Meran
Categories: Business & Economics
Type: BOOK - Published: 2020-09-04 - Publisher: Springer Nature

DOWNLOAD EBOOK

This open access textbook provides a concise introduction to economic approaches and mathematical methods for the study of water allocation and distribution pro
Economical, Political, and Social Issues in Water Resources
Language: en
Pages: 296
Authors: Omid Bozorg-Haddad
Categories: Technology & Engineering
Type: BOOK - Published: 2021-07-14 - Publisher: Elsevier

DOWNLOAD EBOOK

Economical, Political, and Social Issues in Water Resources provides a fully comprehensive and interdisciplinary overview of all three factors in their relation