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This report describes what the principle 'water as an economic good' means and what consequences it has for policy. Although there are discussions around this topic, the report states that water can be seen as a normal economic good.

TitleWater as an economic good : points of interest for policy
Publication TypeMiscellaneous
Year of Publication2003
AuthorsMeijerink, G, Ruijs, A
Paginationvi, 24 p.
Date Published2003-01-01
PublisherAgricultural Economics Research Institute (LEI)
Place PublishedThe Hague, The Netherlands
Keywordseconomic aspects, government organizations, policies, private sector, sdipol, uebw, water
Abstract

This report describes what the principle 'water as an economic good' means and what consequences it has for policy. Although there are discussions around this topic, the report states that water can be seen as a normal economic good. It uses economic theory to clarify several debated issues. The report concludes that economic theory provides an elegant framework, but that the application to water issues runs into several practical problems. The report offers several recommendations for policy and further research. (Authors' abstract)

Notes29 ref. Includes glossary
Custom 1202.7, 202.3

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