A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
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 (editor) / Daniell, Katherine A. (editor) / Nauges, Céline (editor) / Rinaudo, Jean-Daniel (editor) / Chan, Noel Wai Wah (editor) / Grafton, Quentin (author) / Chu, Long (author) / Kompas, Tom (author) / Ward, Michael (author)
2015-01-01
19 pages
Article/Chapter (Book)
Electronic Resource
English
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
Road pricing and users' surplus
| Elsevier | 2005
Volumetric irrigation water pricing considerations
| Online Contents | 2007
Volumetric irrigation water pricing considerations
| Online Contents | 2007
Evaluating the effects of urban congestion pricing: geographical accessibility versus social surplus
| Online Contents | 2011
Evaluating the effects of urban congestion pricing: geographical accessibility versus social surplus
| Taylor & Francis Verlag | 2011