This paper (ENV-126) was originally presented at a National Science Foundation Workshop on Alternatives to Traditional Contingent Valuation Methods in Environmental Valuation, held at Vanderbilt University, Nashville Tennessee, on October 15-16, 1998. This paper reviews the past ten years of the...

Groundwater constitutes the largest single source of fresh water in many parts of the world and provides a risk buffer to sustain critical water demands during cyclic and prolonged dry periods, especially in semi-arid and arid regions. However, unprecedented socio-economical growths are...