The Economics of Evaluating Water Projects : Hydroelectricity Versus Other Uses

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The Economics of Evaluating Water Projects; Hydroelectricity Versus Other Uses; Preface; Contents; List of Tables; List of Figures; Chapter1 Introduction; 1.1 The Dönje Power Plant Scenario; 1.2 Structure of the Book; Chapter2 Origins of CBA of Water Use Conflicts; 2.1 The United States; 2.2 Europe; 2.2.1 The Water Framework Directive and CBA; 2.2.2 A Salmon-Hydropower Conflict: Dynamic Model; Chapter3 A Simple Cost-Benefit Rule; 3.1 The Basic Rule; 3.2 Further Details; 3.3 Some Further Observations; Chapter4 The Main Items in the Cost-Benefit Analysis

4.1 Calculation of the Loss of Hydroelectricity4.2 Price Forecasts; 4.2.1 Some Basic Facts; 4.2.2 Two Price Trajectories; 4.3 Choice of Discount Rate; 4.4 Hydroelectricity Production Costs; 4.5 WTP/WTA for Environmental and Recreational Effects; Chapter5 Towards Empirical Measurement of Externalities; 5.1 Use Values and Non-Use Values; 5.2 Empirical Approaches for the Valuation of EnvironmentalBenefits; 5.3 The Impact of Changed Water Flow at the Hydropower Plant; 5.4 Contingent Valuation Study of Improved Downstream River Basin; 5.4.1 The Focus Group Study; 5.4.2 The Pilot Study

5.4.3 Interval WTP Questions5.4.4 Belyaev-Kriström Estimator for Self-Selected Intervals; 5.4.5 Valuation Question; 5.4.6 Estimating WTP; 5.5 The Benefits of Smoother Downstream Flow; 5.6 Externalities from Replacement Power; Chapter6 Blueprint for a CBA; 6.1 Point Estimates; 6.1.1 SCENARIO 1; 6.1.2 SCENARIO 2; 6.2 Sensitivity Analysis; 6.2.1 Some Different Approaches to Sensitivity Analysis; 6.2.2 Illustrations; 6.2.3 Demand Changes; 6.2.4 A Simple Krutilla-Fisher Robustness Check; 6.2.5 A Stochastic Sensitivity Analysis; 6.2.6 A Stochastic Sensitivity Analysis Based on Simulation Techniques

6.2.7 Risk Aversion6.3 On the Choice of Discount Rate and the Possibility of a Local Deal; 6.3.1 On the Marginal Cost of Capital; 6.3.2 On the Possibility of a Deal Between Local Residents and the Hydropower Firm; Chapter7 Concluding Remarks; AppendixA The Model; AppendixB Calculating Present Values: Detailed Presentation; AppendixC Spot Prices; AppendixD The Survey Questions; AppendixE Data; AppendixF Programs; F.1 Reading the Data; F.2 Jammalamadaka Estimator; F.3 Estimating the Weibull Distribution; F.4 Programs for the Belyaev-Kriström Estimator; F.4.1 Helper Function intervme.R

F.4.2 Behavioral Model BM1..BM5Bibliography; Index

10.1007/978-3-642-27670-5 [DOI]

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