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| Olmstead, Sheila M.; Stavins, Robert N.. |
| Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies in recent decades. We offer an analysis of the relative merits of market-based and prescriptive approaches to water conservation, where prices have rarely been used to allocate scarce supplies. The analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost-effective than implementing non-price conservation programs, similar to results for pollution control in earlier decades. Price-based approaches also... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Cost-effectiveness; Water Conservation; Market-based Approaches; Policy Instrument Choice; Water Price; Q25; Q28; Q58; L95. |
| Ano: 2008 |
URL: http://purl.umn.edu/42919 |
