Economic Considerations for the Design of Water Institutions

T HE problem of how best to allocate water resources should be viewed as part of an overall management problem in in the use and development of water resources, not simply as a problem of allocation of water resources among competing uses. The problem of allocation needs to be considered within a management framework which is capable of comprehending the major technological, hydrologic, and economic relationships of water resource management. In a real sense, the allocation of water resources involves wise choice in all the uses of water, and also wise use of all complementary resources intimately related to water resource development and regional economic growth. It is now becoming increasingly clear that the economics of water resource management must be given greater consideration

Business · Water resources management and optimization