The design of effective market institutions for allocation of water among competing uses remains an economic challenge … externality which complicates transfers between consumptive and environmental water users, leading to the slow evolution of this … opportunity costs of water transfers, paving the way for a centralized market mechanism for water transfers among consumptive and …

also in the long-run equilibrium where capacities are endogenous. In such an equilibrium the hydropower monopoly will get a …

The key question in hydropower production is the time pattern of the use of the water in the reservoir. The water used … to produce electricity today can alternatively be used tomorrow. The analysis of the operation of hydropower is therefore … essentially a dynamic one. The paper introduces some basic models for social allocation of stored water over discrete time periods …

countries. -- Electricity ; hydropower ; thermal power ; international trade …