Interstate river compacts are widely used to allocate water among riparian states. Twenty-one compacts are currently in force in the western United States, and these compacts are mostly of two types: those that allocate a fixed amount or flow of water to individual states; and those that...

Ditch companies were formed historically to distribute irrigation water. A portfolio of water rights would be acquired and the resultant water distributed proportionately among the members. Active markets for these shares developed because of their relative homogeneity and ease of transfer. This...

1. Introduction -- 2. The economic evaluation of interbasin transfers of water : conceptual framework -- 3. Direct and secondary water benefits : studies of the benefits from water in agriculture -- 4. Long-term regional impacts and national benefits of an interbasin transfer -- 5. The direct...

Indifference maps from two-attribute utility functions can provide demand curves to value the benefits of the attributes or goods. The Ramsey model is one method to estimate the functions, and an alternative related method is presented in this paper. A ...

Well-being depends on produced goods, natural amenities, and preferences. Each can be influenced through policies and education. Production of goods exhibits a hierarchical structure similar to ecosystems: subsystems adapt while sustaining system productivity, that is, higher levels have greater...