Because water in the United State has not been traded in markets, there is no meaningful estimate of what it would cost if it were traded. But failing to establish ground water's valueâ€"for in situ uses such as sustaining wetlands as well as for extractive uses such as agricultureâ€"will lead to continued overuse and degradation of the nation's aquifers. In Valuing Ground Water an interdisciplinary committee integrates the latest economic, legal, and physical knowledge about ground water and methods for valuing this resource, making it comprehensible to decision-makers involved in Superfund cleanup efforts, local wellhead protection programs, water allocation, and other water-related management issues. Using the concept of total economic value, this volume provides a framework for calculating the economic value of ground water and evaluating tradeoffs between competing uses of it. Included are seven case studies where ground-water valuation has been or could be used in decisionmaking. The committee examines trends in ground-water management, factors that contribute to its value, and issues surrounding ground-water allocation and legal rights to its use. The book discusses economic valuation of natural resources and reviews several valuation methods. Presenting conclusions, recommendations, and research priorities, Valuing Ground Water will be of interest to those concerned about ground-water issues: policymakers, regulators, economists, attorneys, researchers, resource managers, and environmental advocates.

Water is becoming an increasingly scarce commodity in many parts of the world. Population growth plus a growing appetite for larger quantities of cheap water quality as a result of urban, industrial, and agricultural pollution coupled with increasing environmental demands have further reduced usable suppliers. This book brings together thirty of the best economic articles addressing water scarcity issues within the US and Mexico. By touching on a number of different issues, this volume clearly articulates the need for improving existing institutional arrangements as well as for developing new arrangements to address growing water scarcity problems.

This book is a firsthand investigation into water management in a fast-growing region of the arid American West. It presents three states that have adopted the conjunctive management of groundwater and surface water to make resources go further in serving people and the environment. Yet conjunctive management has followed a different history, been practiced differently, and produced different outcomes in each state. The authors question why different results have emerged from neighbors trying to solve similar problems with the same policy reform. Common Waters, Diverging Streams makes several important contributions to policy literature and policymaking. The first book on conjunctive water management, it describes how the policy came into existence, how it is practiced, what it does and does not accomplish, and how institutional arrangements affect its application. A second contribution is the book's clear and persuasive links between institutions and policy outcomes. Scholars often declare that institutions matter, but few articles or books provide an explicit case study of how policy linkages work in actual practice. In contrast, Blomquist, Schlager, and Heikkila show how diverging courses in conjunctive water management can be explained by state laws and regulations, legal doctrines, the organizations governing and managing water supplies, and the division of authority between state and local government. Not only do these institutional structures make conjunctive management easier or harder to achieve, but they influence the kinds of problems people try to solve and the purposes for which they attempt conjunctive management.