Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Volumetric Water Pricing, Social Surplus and Supply Augmentation
We evaluate the welfare losses of undertaking water supply augmentation in Sydney, Australia with a fixed, regulated water price given weather variability. Stochastic dynamic programming is used to determine dynamically efficient water prices and to estimate the losses in social surplus from premature water supply augmentation. Results show that premature water supply augmentation under the base case reduces the net present value (NPV) of the welfare of households by more than $A 3 billion, or some $A 1,900 NPV per household. While the findings are specific to Sydney, our modeling is of general interest because it could be employed to avoid costly and premature supply augmentation elsewhere.
Volumetric Water Pricing, Social Surplus and Supply Augmentation
We evaluate the welfare losses of undertaking water supply augmentation in Sydney, Australia with a fixed, regulated water price given weather variability. Stochastic dynamic programming is used to determine dynamically efficient water prices and to estimate the losses in social surplus from premature water supply augmentation. Results show that premature water supply augmentation under the base case reduces the net present value (NPV) of the welfare of households by more than $A 3 billion, or some $A 1,900 NPV per household. While the findings are specific to Sydney, our modeling is of general interest because it could be employed to avoid costly and premature supply augmentation elsewhere.
Volumetric Water Pricing, Social Surplus and Supply Augmentation
Global Issues in Water Policy
Grafton, Quentin (Herausgeber:in) / Daniell, Katherine A. (Herausgeber:in) / Nauges, Céline (Herausgeber:in) / Rinaudo, Jean-Daniel (Herausgeber:in) / Chan, Noel Wai Wah (Herausgeber:in) / Grafton, Quentin (Autor:in) / Chu, Long (Autor:in) / Kompas, Tom (Autor:in) / Ward, Michael (Autor:in)
01.01.2015
19 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
Water Price , Stochastic Dynamic Programming , Desalination Plant , Social Surplus , Efficient Price Environment , Waste Water Technology / Water Pollution Control / Water Management / Aquatic Pollution , Environmental Economics , Environmental Management , Landscape/Regional and Urban Planning , Social Sciences, general , Earth and Environmental Science
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