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- W1929128907 abstract "Abstract The starting point for most economic methods for measuring the value of water is an understanding of the structure of household tastes or preferences and firms' productive technologies. This understanding can then be used to develop measures of the benefits of water use and the change in household welfare or firm profits that arise from changes in the price, quantity, or quality of water. These measures, in turn, allow the analyst to determine the maximum willingness to pay (in the case of a change leading to an improvement in welfare) for water. This idea of willingness to pay forms the cornerstone of economic measures of value. 1" @default.
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- W1929128907 date "2004-10-15" @default.
- W1929128907 modified "2023-10-14" @default.
- W1929128907 title "Valuing Water Resources" @default.
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- W1929128907 doi "https://doi.org/10.1002/047147844x.wr157" @default.
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