Record Display for the EPA National Library Catalog


OLS Field Name OLS Field Data
Main Title Economic Basis for Water Resources Analysis.
Author Whipple, J, William ;
CORP Author Rutgers - the State Univ., New Brunswick, N.J. Water Resources Research Inst.
Year Published 1968
Report Number OWRR-A-014-N.J.; 00936,; A-014-N.J.(2)
Stock Number PB-203 346
Additional Subjects ( Water resources ; Economic analysis) ; ( Government policies ; Water resources) ; ( Flood control ; Economic analysis) ; ( Water pollution ; Economic analysis) ; ( Benefit cost analysis ; Government policies) ; Stochastic processes ; Decision making ; Taxes ; Hydroelectric power generation ; Cost estimates ; Substitutes ; Management planning ; Water quality ; Water pollution control
Library Call Number Additional Info Location Last
NTIS  PB-203 346 Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy. NTIS 06/23/1988
Collation 128p
The work provides improved economic principles and methodology for water resources planning. A basic utility objective function is proposed, which can be quantified except for special cases where income redistribution is relevant. A stochastic approach is developed to provide a quantitative utility function of uncertainty, based upon social valuation of risk inferred from insurance and other fields. The analysis of risk and theory of opportunity costs is used to derive an approach to government discount rate, and to consideration of taxation in comparisons of projects with alternatives. In the field of hydroelectric power, it is shown that these principles will approximately halve traditional benefit-cost ratios. A special study of flood control provides a new approach to the optimal degree of protection, and to flood plain management, through consideration of project-induced investment in flood hazard areas. Essential principles are given for an economic evaluation of the benefits of pollution control and a method for optimizing planning including water quality objectives. (Author)