Rivers, Nicholas; Groves, Steven - In: Environmental & Resource Economics 55 (2013) 3, pp. 419-445
This paper uses a computable general equilibrium model to assess the welfare cost of changing the method of water … allocation in Canada towards one that uses prices to ration demand. We model the introduction of a price on both water that is … abstracted as well as water that is consumed (that is abstracted, and not returned to the source). We estimate that reducing …
