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RECORD NUMBER: 1 OF 4

Main Title Economic Analysis of Organizations of Water Users.
Author Meye, Charles W. ; Davi, J. Ronnie ; Bec, R. A. D. ;
CORP Author Iowa State Water Resources Research Inst., Ames.
Year Published 1971
Report Number ISWRRI-44; DI-14-01-0001-1605; OWRR-B-011-1A; 13657,; B-011-IA(1)
Stock Number PB-203 347
Additional Subjects ( Organizations ; Economic analysis) ; ( Water supply ; Utilization) ; Costs ; Water quality ; Water consumption ; Economic models ; Iowa ; Ottumwa(Iowa)
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Status
NTIS  PB-203 347 Some EPA libraries have a fiche copy filed under the call number shown. 07/26/2022
Collation 29p
Abstract
The investigation began with the generally accepted hypothesis that uncoordinated action by individual water users will result in an inefficient use of water resources, including water quality. The concepts of a private good, public good, joint supply of private and public goods, public 'bads' such as pollution (provided in conjunction with the production or consumption of a private or public good), and ownership externality are introduced and employed to demonstrate the various ways in which the market fails as an allocative mechanism for water resources. Because of the public-good nature of water quality, no organizational structure can be expected to overcome completely the misallocation that results from market failure. Internalization under a single decision unit will still result in arbitrary decisions on matters affecting both allocation and distribution of costs. (Author)