Water Resource Economics and Policy

An Introduction

W. Douglas Shaw,

Water Resource Economics and Policy:  An Introduction
 
 
‘Douglass Shaw’s Water Resource Economics and Policy is a timely and useful offering, filling an important void in MS and Post bac texts. The beginning chapters provide background in legal and economic theory considerations. Each is followed up in the book with specific regulatory and institutional examples as well as citations and explanations of empirical work in water resources economics. Topics in agricultural and residential water use as well as reservoir impoundments and trans-boundary water issues yield useful concepts for a wide range of students. The text serves as a very essential framework with which supplementary readings can be added. The organization of the book is sensible; it provides a means by which a greater body of materials may be arranged. The course I currently teach contains students from a diverse set of academic fields. The text materials are eminently accessible for all of these students. I highly recommend this to be an indispensable source book for water resource economics and policy courses as well as for general reference.’ – Donald M. McLeod, University of Wyoming, US Economic issues arise in almost every water policy context. Water is of most concern when scarce, but physical scarcity is often overcome as human beings move water from place to place, sometimes creating monumental structures. The role that cost and economic value play in water resource allocation is implicit, but often poorly understood. This comprehensive volume clarifies the role of economics and offers material that can be applied to water resource allocation problems around the world. Topics covered include: groundwater, floods and droughts, in situ uses of water, and institutions and law.


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