The economic approach to the management of water resources and systems is one of balancing competing objectives. Economics provides a framework for weighing those objectives in determining how much of each to strive for based on concerns for current use as well as long-term sustainability. More importantly, economics provides insight into policies that promote sustainable development by virtue of aligning the incentives of individuals with the long-run interests of the community. This paper shows how economic principles can be applied to reinforce sustainable choices concerning water supply, waste water treatment, irrigation, and watershed management.
Research Article|March 01 1999
Balancing: the economic approach to sustainable water management
J. B. Braden
Water Sci Technol (1999) 39 (5): 17-23.
J. B. Braden, E. C. van Ierland; Balancing: the economic approach to sustainable water management. Water Sci Technol 1 March 1999; 39 (5): 17–23. doi: https://doi.org/10.2166/wst.1999.0217
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