Water management have been plagued by the problem of determining its price. The purpose of this paper is to provide a financial based approach for the implied price of water shortfall. To do so, we consider the price of municipalities' contracts for external water supplies (such as supply from...

The effectiveness of price as a water conservation measure remains an open empirical issue and relevant policy question. We conduct a meta-regression analysis that summarizes 615 estimates of the price elasticity of residential water demand, from 124 econometric studies. Large-sample studies...

Water is an increasingly scarce resource. It is often distributed such that consumers do not face any marginal cost of consumption, creating a common pool problem. For instance, tenants in multi-family buildings can often consume both hot and cold water at zero marginal cost. Using...

I present the economic principles of water allocation and pricing in a schematic water economy representing a wide range of real-world situations. The water policy has inter- and intratemporal components. The former determines extractions from the naturally replenished sources, given the...

When consumption of water and other utilities is measured collectively and payment for such services is equally shared among members of the group, individuals may use more than what is socially optimal. In this paper, we evaluate how installation of individual meters affects water consumption....