The Second Edition of Economics of Water Resources: From Regulation to Privatization updates and expands the exposition of the authors' central theses concerning: the integration of water quantity-quality issues, and the treatment of water as a multi-product commodity, with the market playing...

This book develops a general economic model which integrates the quantity and quality issues of water resource management and provides, along with a detailed criticism of the policy instruments now in use, alternative proposals concerning the efficient allocation and distribution of water. In...