Institutions play a vital role in the efficient allocation of water. However, institutions using a ‘top-down’ approach generate distortions in the water management system. Similarly, moving away from supply-side oriented water management towards demand-side oriented one within the...

Non-market valuation of environmental benefits and costs plays a crucial role in environmental decision-making both at the micro and at the macro-levels. This paper basically reviews three theoretical developments embedded in economics, which can provide frameworks to value non-market benefits...

One of the major issues confronted by the agencies formulating polices for water supply projects in developing countries is how to achieve efficiency, equity and sustainability. Achieving these objectives warrants an understanding of the determinants of household behaviour towards various...