Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 428609
Title Economic Modelling for water Quantity and Quality Management: A Welfare Program Approach
Author(s) Zhu, X.; Ierland, E.C. van
Source Water Resources Management 26 (2012)9. - ISSN 0920-4741 - p. 2491 - 2511.
Department(s) Environmental Economics and Natural Resources Group
Publication type Refereed Article in a scientific journal
Publication year 2012
Keyword(s) river-basin management - allocation - efficiency - resources - framework - design - issues
Abstract This paper presents an integrated economic model which is able to explicitly address both water quantity and quality. We use a welfare program to maximize social welfare subject to the economic and ecological constraints, where interactions, emissions and environmental impacts are incorporated. Such a welfare program can provide the marginal values of commodities and therefore can price water by means of shadow pricing. The optimal solution to a specified program provides the optimal response strategies, i.e. the efficient allocation of resources in the economy including water use and the efficient level of water quality. We illustrate the mechanism in a numerical example and show, as an example, how we can achieve efficiency by reserving water in the high season for times of high demand in the low season and by introducing price differentiation between the two seasons
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