Managing Australia's Scarce Water Resources for the Environment

Managing Scarce Water Resources – China

The Economics of Managing Scarce Water Resources

Recent events, news articles in the popular press, and research outside the field of economics have raised alarming questions about the sufficiency of global freshwater supplies and the potentially devastating impacts of current and future water shortages. For example, the 2008 Beijing Olympics drew attention to the problems of pollution and water shortages in China, where massive infrastructur...

The aesthetics of water and land: a promising concept for managing scarce water resources under climate change.

The eastern Mediterranean faces a severe water crisis: water supply decreases due to climate change, while demand increases due to rapid population growth. The GLOWA Jordan River project generates science-based management strategies for maximizing water productivity under global climate change. We use a novel definition of water productivity as the full range of services provided by landscapes ...

Competition for Scarce Resources

We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmetric only if capacity is sufficiently scarce. Otherwise it will be asymmetric, with one large “fat” capacityhoarding firm and a f...

Competition for Scarce Resources∗

We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmetric only if capacity is sufficiently scarce. Otherwise it will be asymmetric, with one large “fat” capacity-hoarding firm and a ...