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Persistent link: https://www.econbiz.de/10011915590
Managers of public water companies present themselves and are seen as public servants maximizing public welfare. Because water is rarely allocated through market mechanisms, this maximization requires that managers cooperate in a bureaucratic version of a social dilemma. Members of the...
Persistent link: https://www.econbiz.de/10013115012
Water scarcity turns into shortage when water supplies are mismatched with user demands. After clarifying the different social and private uses of water, I explain how to use prices to allocate treated (``utility'') water among municipal and industrial users and untreated (``raw'') water among...
Persistent link: https://www.econbiz.de/10012848264
Each year, about 2.8 million people die due to problems with poor water supply, sanitation and hygiene. Over three-quarters of the dead are children. Some argue that a human right to clean water would improve this situation. This paper shows that human rights are not sufficient to improve access...
Persistent link: https://www.econbiz.de/10014198215
Economic theories and tools provide only partial insight into the many complexities affecting various uses and flows of water. To usefully teach water economics, it is therefore necessary to understand and cooperate with other disciplines. Many economic concepts can be used to understand...
Persistent link: https://www.econbiz.de/10014081391