Water policy guidelines: A comprehensive approach

Yacov Tsur, Amos Zemel

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

We study water management in the context of a prototypical water economy containing the main water sources and user sectors. A water policy consists of water allocation from each source to each user sector at each point of time as well as the capital investments needed to carry out these allocations. We show that the optimal policy brings the water capital stocks (infrastructure and equipment) to well-specified turnpike processes as rapidly as possible and evolves along these turnpikes thereafter, eventually converging to a unique steady state. Implications for water pricing, as well as for the timing and extent of recycling and desalination activities, are discussed.

Original languageEnglish
Pages (from-to)1-13
Number of pages13
JournalWater Resources and Economics
Volume23
DOIs
StatePublished - 1 Jul 2018

Keywords

  • Intertemporal management
  • Most rapid approach
  • Scarcity
  • Turnpike
  • Water economy

ASJC Scopus subject areas

  • Water Science and Technology
  • Geography, Planning and Development
  • Economics and Econometrics

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