Goninon, Todd; Pretto, Paul; Smith, Geoff; Atkins, Alan - In: Water Resources Management 11 (1997) 4, pp. 283-303
This paper examines the estimation of the economic costs of hydrologic data collection using the concept of opportunity cost. The opportunity cost of operating a hydrologic data collection network is equal to the maximum value the resources used in its operation would have if they were free to...