Theory of an Optimal Dynamical Water Resource Management Policy

Ahmed, Muhammad Ashfaq and Nawaz, Nasreen (2022): Theory of an Optimal Dynamical Water Resource Management Policy. Published in: Journal of Water Resource and Protection , Vol. 15, No. 3 (March 2023): pp. 85-113.

Abstract

Water markets even though not perfect and require a lot of effort to establish are considered as a robust tool to address water management issues around the world. However, the existing literature does not provide an optimal water resource management policy. To create a perfect water market, the government needs to identify the potential number of suppliers/producers and consumers of water against various extraction/supply/production rates of water, i.e., to identify a supply and a demand curve for number of suppliers/producers of water against each production rate in economy. This article presents a theory which is practically applicable for an optimal dynamical water resource management policy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Water market, Production rate, Dynamic efficiency, Adjustment path, Equilibrium
• Subjects: H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H27 - Other Sources of Revenue

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