Valley is constructed and is used to find the effects of reducing water inputs on aggregate Valley gross domestic product … (GDP) and on sectoral output, employment, and land use. The model is also used to determine demand curves for water by the …

The ideal water contract for a heterogeneous population of users is a prioritized right that is fully vested and fully …. Therefore, they lead to a competitive equilibrium that is Pareto optimal. Equal sharing of water shortfalls does not have this … property. Existing water policies in Israel and the Disputed Territories are not characterized by an efficient set of water …

This paper explains the economic conception of water - how economists think about water. It consists of two main … to water in various ways. Then it considers the debate regarding whether or not water can, or should, be treated as an … economic commodity, and discusses the ways in which water is the same as, or different than, other commodities from an economic …