- The Oxford Handbook of Water Politics and Policy
- List of Contributors
- The Political Dimensions of Water
- Water and Poverty: Pathways of Escape and Descent
- Knowing Equity When We See It: Water Equity in Contemporary Global Contexts
- Gender and Water
- Monitoring the Progressive Realization of the Human Rights to Water and Sanitation: Frontier Analysis as a Basis to Enhance Human Rights Accountability
- Indigenous Peoples and Water Justice in a Globalizing World
- Re-Imagined Communities: The Transformational Potential of Interspecies Ethnography in Water Policy Development
- The Water-Energy-Food Nexus in Arid Regions: The Politics of Problemsheds
- The Nexus of Energy and Water Quality
- What Is Food-water and Why Do We not Account for It?
- Unintended Water Allocation: Gaining Share from Indirect Action and Inaction
- Why Scale Matters: Borderless Water and Bordered Thinking
- Local Water Politics
- Rethinking Urban Water (In)formality
- Innovation and Trends in Water Law
- Economics of Water
- The Political Economy of Water Markets: 40 Years of Debates, Experiments and Lessons Learned
- The Business of Water
- China’s Water Pricing Policies
- Managing Transboundary Rivers to Avert Conflict and Facilitate Cooperation
- Transboundary Unbound: Redefining Water Conflict and Cooperation for Contemporary Challenges that Extend beyond Watersheds, Regions, and Water
- “Something Has to Yield”: Climate Change Transforming Transboundary Water Governance (as We Know It)
- River Basin Organizations and the Governance of Transboundary Watercourses
- The Absence of Water Conflicts in the Developing World: Evidence from Africa
- Integrated Water Resources Management
- Transfer, Diffusion, Adaptation, and Translation of Water Policy Models
- Climate Information and Water Management: Building Adaptive Capacity or Business as Usual?
- Author Index
- Subject Index
Abstract and Keywords
Water resources provide services of economic value to different sectors through consumptive uses, non-consumptive uses, nonuse, and as a waste receptor. The diverse array of goods and services provided by water create a challenge for efficiently allocating the resource. Furthermore, water resources are often subject to market failures because they lack the conditions of excludability and rivalry. These market failures result in depleted water supplies and degraded water quality. This chapter discusses various policy approaches that have attempted to address these market failures, many of which have created additional economic inefficiencies. It also discusses some of the scale and jurisdiction issues in water management—such as local self-governing institutions and transboundary policy formation—from an economics perspective. It primarily analyzes policies affecting agricultural water use and the impacts of agriculture on water quality because agriculture is the largest user of water and is a major contributor to water quality problems.
Jeffrey M. Peterson is Professor of Applied Economics and Director of the Water Resources Center at the University of Minnesota.
Nathan P. Hendricks is Associate Professor of Agricultural Economics at Kansas State University.
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