Economics Of Water Resources From Regulation To Privatization

The purpose of this book is to develop a general economic model which integrates the quantity and quality issues of water resource management and to provide, along with a detailed criticism of the policy instruments now in use, alternative proposals concerning the efficient allocation and distribution of water. In particular we treat water as a multi-product commodity where the market plays a major role in determining water quality-discriminant pricing and its value to the user. We examine the process of moving from administrative allocation and regulation to privatization of the water industry as the key element in promoting effective competition and in providing economic incentives for greater efficiency. Water quantity and quality, considered independently of each other, have been the subject of numerous studies during the last twenty years. Let us recall briefly the most outstanding among them. A variety of models have been constructed concerning the optimal scheduling and sequence of water-supply projects: dynamic programming for solving multi-bjective functions in water resource development; planning models for coordinating regional water-resource supply and demand, etc. Other studies have devised water-quality management models, including multi-period design of regional or municipal wastewater systems; cost-allocation methods to induce effluent dischargers to participate in regional water systems; models to predict the quality of effluent (in particular, whether it meets certain established standards); models for finding optimal waste-removal policies at each of the polluting sources, and so on.

This book develops a general economic model which integrates the quantity and quality issues of water resource management and provides, along with a detailed criticism of the policy instruments now in use, alternative proposals concerning the efficient allocation and distribution of water. In particular the authors treat water as a multi-product commodity where the market plays a major role in determining water quality--discriminant pricing and its value to the user. The book examines the process of moving from administrative allocation and regulation to privatization of the water industry as the key element in promoting effective competition and in providing economic incentives for greater efficiency. The book is divided into four major parts. The first presents the analytical framework within which the main issues in the management of water resources are examined. The second part focuses on water-quality modeling and the analysis of quantity--quality controls and water distribution. Part three examines instruments of public policy and the regulations enacted for water resources management. The fourth part presents the overall conclusions. The book is designed for all students of environmental problems, as well as for professionals involved in water-resources allocation and in pollution-abatement programs at both planning and management levels. The book can be used in graduate courses in water resource management, environment management, economics of natural resources, and planning, as well as a basic reference work on water resources and on the management of natural resources in general.

Setting the scene with a thorough introduction to water resource issues, Water Privatisation critically examines the new role played by Trans-National Corporations in managing and distributing water worldwide. Written from an organisational and institutional perspective, the authors propose new structures of water management at local, national and international scales allowing for the implementation of simple, cohesive and effective policies. Clear, focused, extensively referenced and drawing from cutting edge research in public administration this book is an essential tool for enabling the water and waste water services professional, be they producer, operator or regulator to communicate within a clear regulatory framework.

This book focuses on participation of the public and private sectors in urban water management and on the role of water pricing. It discusses in-depth topics such as public choices of urban water service management; dynamics of privatization and regulation of water services; adoption of water demand instruments; impacts of price and non-price policies on residential water demand; quality of water services; lessons from not-for-profit public-private partnerships; and critical examinations of models and projections of demands in water utility resource planning in England and Wales. Appropriateness of water prices and tariffs in achieving socially desirable outcomes is also analyzed and a global survey of urban water tariffs is approached with a focus on sustainability, efficiency and fairness. This book was originally published as a special issue of the International Journal of Water Resources Management.

In 1981 Chile's military government dictated a new Water Code that radically changed the country's previous water rights system by strengthening private property rights, favoring market incentives, and reducing state regulation. Against the Current: Privatization, Water Markets, and the State in Chile is the first empirical and interdisciplinary study of water markets in Chile, which is the leading international example of free market water policies. Against the Current: Privatization, Water Markets, and the State in Chile challenges the glowing reports given by neoliberals in Chile and the World Bank, showing that the results of this economic experiment have actually been rather mixed. Within the agricultural sector the Water Code has worked fairly well, although the market incentives to conserve water have been ineffective and water rights trading has been less active than expected. The Code's impact has been more negative at the level of river basins, where the institutional framework has revealed critical flaws in coordinating multiple water users and resolving conflicts. Against the Current: Privatization, Water Markets, and the State in Chile combines law, political economy, and geography to analyze the disadvantages, problems, and wider contexts of water markets. This book will appeal to everyone interested in property rights, market-friendly environmental policies, the political economy of sustainable development, and the intersection of economics with law and institutions.

Analyses the means for establishing and operating effective water markets. Proposes the application of economic instruments and the transfer of water management to the private sector as a means to guarantee acceptable water quality in the future in both developed and developing countries.

In recent years the water sector has undergone profound institutional, economic and political transformations. Some countries have encouraged privatization of water services, but in many cases this has provoked adverse reaction to such a neoliberal and market-based approach to this common shared but essential resource. This book goes beyond the ideology of the public versus private water regime debate, by focusing on the results of these types of initiatives to provide better water services, particularly in urban settings. It provides numerous examples of alternative models, to show who is responsible for implementing such systems and what are their social, institutional and technical-scientific characteristics. Policies are analysed in terms of their implications for employees and residents. The book presents a new combinatory approach of water regimes, based on several international case studies (Argentina, Bolivia, China, France, Germany, India, South Africa and the USA, plus a comparison of three cities in Africa) presenting specific challenges for water models. These case studies demonstrate the successes and problems of a range of private sector involvements in the provision of water services, and provide examples of how small-scale systems can compare with larger-scale more technical systems.