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A platform for research: civil engineering, architecture and urbanism
The Economics of Water Dispute Resolution, Project Evaluation and Management: An Application to the Middle East
Economic analysis shows that water ownership is equivalent to a right to the monetary value that water represents. By valuing water in dispute (including social value), parties can evaluate the possibility of trading off water for non-water benefits, selling at prices that they themselves set. Such valuation can be accomplished by means of an economic model that optimizes water-related benefits. Such a model can also be of substantial aid in water management and project evaluation. Results for Israel, Jordan and the Palestinian entity have been obtained and are quite striking. The value of the water in dispute is surprisingly low, strongly suggesting that a peaceful resolution is possible.
The Economics of Water Dispute Resolution, Project Evaluation and Management: An Application to the Middle East
Economic analysis shows that water ownership is equivalent to a right to the monetary value that water represents. By valuing water in dispute (including social value), parties can evaluate the possibility of trading off water for non-water benefits, selling at prices that they themselves set. Such valuation can be accomplished by means of an economic model that optimizes water-related benefits. Such a model can also be of substantial aid in water management and project evaluation. Results for Israel, Jordan and the Palestinian entity have been obtained and are quite striking. The value of the water in dispute is surprisingly low, strongly suggesting that a peaceful resolution is possible.
The Economics of Water Dispute Resolution, Project Evaluation and Management: An Application to the Middle East
Fisher, Franklin M. (author)
International Journal of Water Resources Development ; 11 ; 377-390
1995-12-01
14 pages
Article (Journal)
Electronic Resource
English
| Taylor & Francis Verlag | 1995