Water Pricing and Quotas: A Quantitative Analysis from a Private and Social Perspective.
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| Title: | Water Pricing and Quotas: A Quantitative Analysis from a Private and Social Perspective. |
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| Authors: | Valle-García, Ángela1,2 (AUTHOR) g22vagaa@uco.es, Gutiérrez-Martín, Carlos1 (AUTHOR), Montilla-López, Nazaret M.1 (AUTHOR) |
| Source: | Water Resources Management. Sep2024, Vol. 38 Issue 11, p4287-4306. 20p. |
| Subject Terms: | *Marginal pricing, *Direct costing, *Water shortages, *Mathematical programming, *Revenue accounting |
| Geographic Terms: | Spain |
| Abstract: | The current situation of structural water scarcity due to the rise in demand, the reduction in supply as a consequence of climate change, increasingly frequent drought periods, and overall quantitative pressure on water resources creates a need for economic instruments to reduce the amount of water used, especially in the agricultural sector. Thus, water pricing and allocation quotas (proportional reduction of allocations) may be suitable tools to reduce demand or allocate scarce water resources. For a comparative analysis of the performance of these two measures, a Positive Mathematical Programming model has been developed, using the Guadalquivir River Basin as a case study. Additionally, the analysis takes into account the revenue generated from water pricing and the marginal cost of public funds. The results indicate that, from the farmer's perspective, quotas result in smaller losses than water pricing. However, when considering water pricing along with the revenue generated from this measure, this mechanism would be more beneficial for society as a whole, since the taxes collected could be used for other purposes, albeit with efficiency losses measured by the marginal cost of public funds and the excess burden of taxation. [ABSTRACT FROM AUTHOR] |
| Database: | Energy & Power Source |
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| FullText | Links: – Type: pdflink Text: Availability: 1 |
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| Header | DbId: enr DbLabel: Energy & Power Source An: 179295759 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Water Pricing and Quotas: A Quantitative Analysis from a Private and Social Perspective. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Valle-García%2C+Ángela%22">Valle-García, Ángela</searchLink><relatesTo>1,2</relatesTo> (AUTHOR)<i> g22vagaa@uco.es</i><br /><searchLink fieldCode="AR" term="%22Gutiérrez-Martín%2C+Carlos%22">Gutiérrez-Martín, Carlos</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Montilla-López%2C+Nazaret+M%2E%22">Montilla-López, Nazaret M.</searchLink><relatesTo>1</relatesTo> (AUTHOR) – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Water+Resources+Management%22">Water Resources Management</searchLink>. Sep2024, Vol. 38 Issue 11, p4287-4306. 20p. – Name: Subject Label: Subject Terms Group: Su Data: *<searchLink fieldCode="DE" term="%22Marginal+pricing%22">Marginal pricing</searchLink><br />*<searchLink fieldCode="DE" term="%22Direct+costing%22">Direct costing</searchLink><br />*<searchLink fieldCode="DE" term="%22Water+shortages%22">Water shortages</searchLink><br />*<searchLink fieldCode="DE" term="%22Mathematical+programming%22">Mathematical programming</searchLink><br />*<searchLink fieldCode="DE" term="%22Revenue+accounting%22">Revenue accounting</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Spain%22">Spain</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: The current situation of structural water scarcity due to the rise in demand, the reduction in supply as a consequence of climate change, increasingly frequent drought periods, and overall quantitative pressure on water resources creates a need for economic instruments to reduce the amount of water used, especially in the agricultural sector. Thus, water pricing and allocation quotas (proportional reduction of allocations) may be suitable tools to reduce demand or allocate scarce water resources. For a comparative analysis of the performance of these two measures, a Positive Mathematical Programming model has been developed, using the Guadalquivir River Basin as a case study. Additionally, the analysis takes into account the revenue generated from water pricing and the marginal cost of public funds. The results indicate that, from the farmer's perspective, quotas result in smaller losses than water pricing. However, when considering water pricing along with the revenue generated from this measure, this mechanism would be more beneficial for society as a whole, since the taxes collected could be used for other purposes, albeit with efficiency losses measured by the marginal cost of public funds and the excess burden of taxation. [ABSTRACT FROM AUTHOR] |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=enr&AN=179295759 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1007/s11269-024-03865-1 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 20 StartPage: 4287 Subjects: – SubjectFull: Marginal pricing Type: general – SubjectFull: Direct costing Type: general – SubjectFull: Water shortages Type: general – SubjectFull: Mathematical programming Type: general – SubjectFull: Revenue accounting Type: general – SubjectFull: Spain Type: general Titles: – TitleFull: Water Pricing and Quotas: A Quantitative Analysis from a Private and Social Perspective. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Valle-García, Ángela – PersonEntity: Name: NameFull: Gutiérrez-Martín, Carlos – PersonEntity: Name: NameFull: Montilla-López, Nazaret M. IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 09 Text: Sep2024 Type: published Y: 2024 Identifiers: – Type: issn-print Value: 09204741 Numbering: – Type: volume Value: 38 – Type: issue Value: 11 Titles: – TitleFull: Water Resources Management Type: main |
| ResultId | 1 |
