Introduction To The Economics Of Water Resources: An International Perspective

Book Cover......Page 1
Half-Title......Page 2
Title......Page 3
Copyright......Page 4
Contents......Page 5
Dedication......Page 9
Acknowledgements......Page 10
Abbreviations and Acronyms......Page 11
Units of Measurement......Page 14
CHAPTER ONE  Introduction......Page 15
2.1 The hydrological cycle......Page 18
2.2 The hydrosocial cycle......Page 19
2.3 Storage......Page 21
2.4 Freshwater treatment......Page 22
2.5 Distribution and consumption......Page 23
2.6 Storm- and wastewater collection and treatment......Page 25
2.7 Disposal......Page 26
2.8 Case study: a water balance statement for the Thames river basin......Page 28
2.9 Case study: the hydrosocial cycle in Bratislava......Page 35
2.10 Final remarks......Page 39
3.1 Capital and current spending......Page 41
3.2 Abstraction charges......Page 42
3.3 Prime costs and overhead costs......Page 44
3.4 Economies of scale......Page 48
3.6 Case study: sewerage costs in England and Wales......Page 52
3.7 Case study: tradable abstraction rights in Victoria......Page 57
3.8 Final remarks......Page 62
4.2 The concept of effective demand......Page 64
4.3 Price determination in a free market......Page 70
4.4 Asocial service......Page 73
4.5 Approaches to demand management......Page 74
4.6 Wastewater services......Page 78
4.7 Case study: a Latvian water tariff......Page 80
4.8 Case study: the Middle East and the virtual water thesis......Page 85
4.9 Final remarks......Page 93
5.1 Introduction......Page 95
5.2 The project......Page 96
5.3 The net present value approach......Page 97
5.4 Discounting the future......Page 101
5.5 Shadow prices and transfer entries......Page 104
5.6 Estimation errors......Page 107
5.7 SCBA and the management of demand......Page 109
5.8 Case study: a Peruvian simulation model......Page 111
5.9 Case study: the Pergau hydroelectric power project in Malaysia......Page 117
5.10 Final remarks......Page 123
6.1 Introduction......Page 125
6.2 Balancing the books......Page 126
6.3 The profit and loss account......Page 127
6.4 Command over resources......Page 130
6.5 The balance sheet......Page 131
6.6 Cashflow statements......Page 132
6.7 Ethical principles and consultancy practice......Page 134
6.8 The financial analysis of projects......Page 136
6.9 Case study: a fresh- and wastewater plant in San Serif......Page 138
6.10 Case study: privatization of the water utilities in England andWales......Page 144
6.11 Final remarks......Page 150
7.1 Introduction......Page 154
7.2 Power to alter the nature of the world......Page 155
7.3 The meaning of sustainability......Page 158
7.4 The role of water resource planning......Page 159
7.5 Case study: nature conservation in the UK......Page 164
7.6 Case study: Californian agriculture 1990–2020......Page 167
7.7 Final remarks......Page 173
8.2 Dual analysis......Page 175
8.3 Monetizing the environmental impacts......Page 177
8.4 A critique of environmental monetization......Page 180
8.5 Case study: saline flooding in Norfolk......Page 183
8.6 Final remarks......Page 186
9.1 Hydroeconomics: content and approach......Page 189
9.2 The hydrosocial cycle......Page 190
9.3 The supply of fresh- and wastewater services......Page 191
9.4 Consumption, effective demand and the price of water......Page 192
9.5 Hydroeconomics and institutional policy......Page 194
REFERENCES......Page 208
INDEX......Page 214