Introduction To Valuing Water Rights

Often, appraisals of water rights use inappropriate valuation approaches and methods resulting in flawed conclusions of value. The book is written in a simple, straight-forward manner with numerous examples. Non-economists should find it particularly valuable. Lawyers will find it invaluable as a reference before they reach the courtroom. The book is written in a logical manner beginning with the physical characteristics of water, the institutional rules such as water right laws, economic theory related to valuing water rights, and 14 case studies where various economic valuation approaches and methods have been applied. Topics covered include: The economic framework for valuing water rights (i.e., supply, demand, consumer welfare, and cost-benefit analysis); Traditional approaches and methods used in valuing water rights; Approaches and methods employed for valuing water rights assuming an economics framework; and Methods for estimating the marginal benefits and costs of water rights

This second edition includes updated information and an exploration of water issues outside the United States, as well as a new application of behaviorial and experimental economics to the topic. A concise introduction to issues of water quality and quantity in both urban and agricultural settings, Water Resource Economics and Policy will be a valuable resource or text for students and researchers in the fields of agricultural economics, geography, law and hydrology. Those involved in water resource agencies and private utilities will also find the book a useful reference.

Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.

Because water in the United State has not been traded in markets, there is no meaningful estimate of what it would cost if it were traded. But failing to establish ground water's valueâ€"for in situ uses such as sustaining wetlands as well as for extractive uses such as agricultureâ€"will lead to continued overuse and degradation of the nation's aquifers. In Valuing Ground Water an interdisciplinary committee integrates the latest economic, legal, and physical knowledge about ground water and methods for valuing this resource, making it comprehensible to decision-makers involved in Superfund cleanup efforts, local wellhead protection programs, water allocation, and other water-related management issues. Using the concept of total economic value, this volume provides a framework for calculating the economic value of ground water and evaluating tradeoffs between competing uses of it. Included are seven case studies where ground-water valuation has been or could be used in decisionmaking. The committee examines trends in ground-water management, factors that contribute to its value, and issues surrounding ground-water allocation and legal rights to its use. The book discusses economic valuation of natural resources and reviews several valuation methods. Presenting conclusions, recommendations, and research priorities, Valuing Ground Water will be of interest to those concerned about ground-water issues: policymakers, regulators, economists, attorneys, researchers, resource managers, and environmental advocates.

A concise treatment of water-resource economics. Based upon political economy perspectives, it draws upon a range of case-studies - Third- World, developed world, and former communist countries - to cover many issues. There is guidance on

Le site d'éditeur indique : "Water is big news and the water rights associated with a parcel of land can have a huge impact on property value. In The Appraisal of Water Rights, author Steven Herzog, MAI, explores the subject of water and the challenges presented by appraisal assignments involving water rights. Topics covered include : - the nature and transferability of water rights - the applicability of appraisal standards and the skills and knowledge needed to handle valuation assignments involving water rights competently. Case studies demonstrating the appraisal of partial and stand-alone interests are included along with a glossary of water-related terms. "

As water becomes ever more important in a rapidly growing United States challenged by lessening firm-yield water reliability, the public needs to understand the myriads of quite different state-by-state water policies. States share surface water and groundwater sources that relate to each other conjunctively. Texans for example, should understand New Mexico water ownership and state policies because they share surface water and groundwater sources. Californians should understand Nevada’s water policies for the same reasons. Above all else, the people of the United States must realize that a water policy in one state can drastically impact water availability in neighboring states. Although the federal government has supra-legal authority over some state water policies and acts as the ultimate arbiter of interstate disputes, no one current book exists that explains the complicated relationships between state water policies with an analysis of federal water policies. Water Rights in the United States : A Guide through the Maze is a one-stop resource providing a state-by-state analysis of water ownership, regulatory agencies, and water polices. It explains the complicated relationships between state water policies and provides an analysis of federal water polices. How we manage these policies is of utmost importance to all Americans.

The aim of Valuing Water, Valuing Livelihoods is to give decision-makers, health professionals and analysts a comprehensive view of the arguments and challenges associated with establishing the value of drinking-water interventions. The experts who have contributed to this publication provide guidance on assessing the benefits from improving access to safe drinking-water and from reducing the burden of water-related diseases. They show how to compare the value of these benefits to the costs of interventions, with special reference to small-scale drinking-water systems. Valuing Water, Valuing Livelihoods provides decision-makers, health professionals and analysts with the tools to promote improved access to safe drinking-water, especially for small and vulnerable communities in developing countries, by presenting comprehensive coverage of principles and practice, technology and economics, health, livelihoods and ethics.