Smart markets for water resources : a manual for implementation /
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| Author / Creator: | Raffensperger, John F., author. |
|---|---|
| Imprint: | Cham, Switzerland : Springer, 2017. |
| Description: | 1 online resource (xxxii, 313 pages) : illustrations (some color) |
| Language: | English |
| Series: | Global issues in water policy, 2211-0631 ; volume 12 Global issues in water policy ; v. 12. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11273394 |
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| 100 | 1 | |a Raffensperger, John F., |e author. |0 http://id.loc.gov/authorities/names/no2016011878 | |
| 245 | 1 | 0 | |a Smart markets for water resources : |b a manual for implementation / |c John F. Raffensperger, Mark W. Milke. |
| 264 | 1 | |a Cham, Switzerland : |b Springer, |c 2017. | |
| 300 | |a 1 online resource (xxxii, 313 pages) : |b illustrations (some color) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 490 | 1 | |a Global issues in water policy, |x 2211-0631 ; |v volume 12 | |
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Online resource; title from PDF title page (SpringerLink, viewed April 26, 2017). | |
| 505 | 0 | |a Foreword; Preface; Acknowledgments; Contents; List of Aside; List of Figures; List of Tables; Glossary; Chapter 1: Water Allocation: The Joint Problem of Interaction and Transaction Cost; 1.1 The Complexity of Shared Water; 1.2 The Transaction Cost of Seeking Water; 1.3 Can We Solve Water Allocation Problems by Working Better with Communities to Have Them Agree on Allocations?; 1.4 Can We Solve Water Allocation Problems with More Regulation?; 1.5 Is Infrastructure the Solution to the Problem of Water Allocation?; 1.6 Here Are the Problems with Market Approaches that Need Solving. | |
| 505 | 8 | |a 1.7 Overview of the Smart MarketReferences; Chapter 2: Water Markets: Theory and Practice; 2.1 The Problem of Hydrological Externalities; 2.1.1 What Is an Externality?; 2.1.2 The Coase Theorem; 2.1.3 The Failure of the Coase Theorem for Water Resources; 2.2 Water Allocation by Pricing Mechanisms; 2.3 Experiences with Water Markets; 2.3.1 Chile; 2.3.2 The U.S.; 2.3.3 Australia; References; Chapter 3: How Water Flows, How It Is Modeled, and How We Can Optimize It; Aside: Groundwater Terminology; 3.1 Groundwater Flow; 3.2 Hydrological Modeling; 3.3 Optimization with Linear Programming. | |
| 505 | 8 | |a Aside: A Two-User Optimization of Water Use with Linear Programming3.4 Hydrological Optimization; 3.4.1 Previous Applications; 3.4.2 Cost-Benefit Analysis; 3.4.3 Catchment Management Models; Aside: The WRAM Program; Aside: The CALVIN Program; 3.4.4 Key Ideas from Past Work on Hydrological Optimization; References; Chapter 4: Introduction to Smart Markets; 4.1 Analogies of Water Markets to Markets for Other Complex Commodities; 4.2 Electricity Smart Markets; 4.3 Natural Gas Smart Markets; 4.4 Precedents for Smart Markets for Water; 4.5 What Kind of Market Is a Smart Market for Water? | |
| 505 | 8 | |a 5.6 The Regulator Must Record and Manage Water Rights and Use5.6.1 The Regulator Must Maintain a Modern Water Rights Database; 5.6.2 The Regulator Should Redefine Initial Rights; 5.6.3 The Regulator Must Have Authority to Adjust Users ́Allocations; 5.6.4 The Regulator Must Enforce Users ́Allocation Limits; 5.7 The Regulator Must Grant Relevant Parties Full Legal Ability to Trade, with as Few Impediments as Reasonably Possible; References; Chapter 6: Participants in and Components of the Smart Market Institution; 6.1 The Water Regulator; 6.2 The Market Manager. | |
| 520 | |a Why is trade in wholesale water so rare, when markets can actively trade bread, tractors, and electricity? This book shows that water markets fail because of high transaction costs, resulting in inefficient allocations and unpredictable environmental effects. To overcome these obstacles, this book proposes a trading mechanism called a smart market. A smart market is an auction cleared with optimization. A smart market can reduce the transaction costs of water trading, while improving the environmental outcomes. The authors show why a smart market for water is needed, how it would work, and how to implement it. The smart market described here uses a hydrology simulation of the water resource, user bids via the internet, and mathematical optimization, to maximize the economic value of water while meeting all environmental constraints. The book provides the background to understand the smart market for water, and the detail to help the reader start working on its application. The book explores topics such as: Why water should be more expensive near sensitive environmental locations, Ways to set initial allocations of water rights, The role of regulatory oversight, The prerequisites of a water market, and How to counter objections to water markets. The culmination of a decade of investigation, this book combines explanation, examples, and detail to inform policymakers, large water users, environmental organizations, researchers, and a thirsty public. | ||
| 650 | 0 | |a Water resources development. |0 http://id.loc.gov/authorities/subjects/sh85145612 | |
| 650 | 0 | |a Water resources development |x Government policy. | |
| 650 | 0 | |a Water-supply |x Management. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Real Estate |x General. |2 bisacsh | |
| 650 | 7 | |a Environmental management. |2 bicssc | |
| 650 | 7 | |a Hydrology & the hydrosphere. |2 bicssc | |
| 650 | 7 | |a Operational research. |2 bicssc | |
| 650 | 7 | |a Environmental medicine. |2 bicssc | |
| 650 | 7 | |a Energy technology & engineering. |2 bicssc | |
| 650 | 7 | |a Environmental economics. |2 bicssc | |
| 650 | 7 | |a Water resources development. |2 fast |0 (OCoLC)fst01171955 | |
| 650 | 7 | |a Water resources development |x Government policy. |2 fast |0 (OCoLC)fst01171988 | |
| 650 | 7 | |a Water-supply |x Management. |2 fast |0 (OCoLC)fst01172390 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Milke, Mark W., |e author. | |
| 773 | 0 | |t Springer eBooks | |
| 776 | 0 | 8 | |i Print version: |a Raffensperger, John F. |t Smart markets for water resources. |d Cham, Switzerland : Springer, 2017 |z 3319550071 |z 9783319550077 |w (OCoLC)972392914 |
| 830 | 0 | |a Global issues in water policy ; |v v. 12. |x 2211-0631 |0 http://id.loc.gov/authorities/names/no2011007491 | |
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