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This edited volume focuses on recent methodological advanced within the field of water resource economics and shows how these advances can be applied to the economics of water issues. It identifies five areas of particular importance -- asymmetric information and game theory, uncertainty, space, water quality, and production and technology adoption. Individual chapters address issues such as allocation of water and water as a pubic good; the influence of weather variability, network failures, and input price risk; the impact of heterogeneity of the land on water use efficiency; quality of water and pollution, and the potential substitutions between capital and water via new technologies.
Application of Stochastic Cooperative Games in Water Resources * Incentives and the Search for Unknown Resources such as Water * Risk Aversion and Gains from Water Trading under Uncertain Water Availability * Dynamic Uncertainty and the Pricing of Natural Monopolies * Price Risk and the Diffusion of Conservation Technology * Optimal Management of Groundwater over Space and Time * Nonpoint Source Pollution in a Spatial Intertemporal Context * Transboundary Water Management along the U.S. Mexican border * Irrigation, Water Quality and Water Rights in the Murray Darling Basin, Australia * Economic Analysis of Green Payments to Protect Water Quality * Conjunctive Use of Surface and Groundwater with Quality Considerations * The Impact of Recovering Irrigation Water Losses on the Choice of Irrigation Technology with Heterogeneous Land Quality and Different Crops * Precision Farming in Cotton.