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Current Issues in the Economics of Water Resource Management

Theory, Applications and Policies

  • Book
  • © 2002

Overview

Editors:
  1. Panos Pashardes

    1. Department of Economics, University of Cyprus, Republic of Cyprus

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    You can also search for this editor in PubMed   Google Scholar

  2. Timothy Swanson

    1. University College London, UK

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  3. Anastasios Xepapadeas

    1. Department of Economics, University of Crete, Greece

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Economy & Environment (ECEN, volume 23)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. Current Issues in the Economics of Water Resource Management: Introduction

      • Panos Pashardes, Timothy Swanson, Anastasios Xepapadeas
      Pages 3-21

  3. Demand for Water

    1. Front Matter

      Pages 23-23
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    2. Residential Demand for Water

      1. Estimating Water Demand under Increasing-Block Tariffs Using Aggregate Data and Proportions of Users per Block
        • R. Martínez-Espiñeira
        Pages 27-46
      2. Long-Run Study of Residential Water Consumption
        • Céline Nauges, Alban Thomas
        Pages 47-66

    3. Irrigation Water Demand

      1. Hedonic Price Analysis and Selectivity Bias: Water Salinity and Demand for Land
        • Phoebe Koundouri, Panos Pashardes
        Pages 69-80

  4. Water Efficiency

    1. Front Matter

      Pages 81-81
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    2. Measurement of Water Efficiency

      1. Measuring Irrigation Water Efficiency with a Stochastic Production Frontier: An Application to Greek Out-of-Season Vegetable Cultivation
        • G. Karagiannis, V. Tzouvelekas, A. Xepapadeas
        Pages 85-101

  5. Water Management Policies

    1. Front Matter

      Pages 147-147
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    2. Water as a Multifaceted Resource — Horizontal management Considerations

      1. Joint Quantity/Quality Management of Groundwater
        • Catarina Roseta Palma
        Pages 151-170
      2. Missing Markets and Redundant Reservoirs: Dams as a Consequence of Inefficient Groundwater Management Policies
        • Ben Groom, Tim Swanson
        Pages 171-192

    3. Water as an Industrial management Problem — Vertical Considerations

      1. Regulation of Public Utilities under Asymmetric Information: The Case of Municipal Water Supply in France
        • Serge Garcia, Alban Thomas
        Pages 195-217

    4. Water Policy and Water Practice — Second Best

      1. Policy Instruments for Groundwater Management for Agriculture and Nature in the Netherlands
        • Petra J. G. J. Hellegers, Ekko C. Van Ierland
        Pages 221-232

  6. Back Matter

    Pages 233-234
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Keywords

About this book

The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec­ ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and further empirical work using more data and alternative (nonlinear) demand functions, is needed to show the practical implications of the arguments put forward by the Martinez-Espineira's paper. Static empirical consumer demand functions estimated with aggregate data are well known to suffer form serial correlation and other statistical problems asso­ ciated with misspecified dynamics. These dynamics arise because consumers do not react immediately to a change in prices due to their largely predetermined lifestyle. In the case of demand for water, for example, current purchases can be largely predetermined due to commitments arising from past purchases such as swimming pools, bathtubs, dishwashing machines, etc. Muellbauer and Pashardes (1992) show that the autoregressive nature of consumer demand data can be cap­ tured in a theoretically consistent manner by incorporating intertemporal aspects of consumer behaviour in the model through habit formation and durability.

Editors and Affiliations

  • Department of Economics, University of Cyprus, Republic of Cyprus

    Panos Pashardes

  • University College London, UK

    Timothy Swanson

  • Department of Economics, University of Crete, Greece

    Anastasios Xepapadeas

Bibliographic Information

  • Book Title: Current Issues in the Economics of Water Resource Management

  • Book Subtitle: Theory, Applications and Policies

  • Editors: Panos Pashardes, Timothy Swanson, Anastasios Xepapadeas

  • Series Title: Economy & Environment

  • DOI: https://doi.org/10.1007/978-94-015-9984-9

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 2002

  • Hardcover ISBN: 978-1-4020-0542-8Published: 30 April 2002

  • Softcover ISBN: 978-90-481-5986-4Published: 06 December 2010

  • eBook ISBN: 978-94-015-9984-9Published: 17 April 2013

  • Series ISSN: 0924-1019

  • Edition Number: 1

  • Number of Pages: X, 234

  • Topics: Environmental Economics, Hydrogeology, Environmental Law/Policy/Ecojustice

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