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dc.contributor.authorOlmstead, Sheila M.en_US
dc.contributor.authorStavins, Robert N.en_US
dc.date.accessioned2011-01-13en_US
dc.date.accessioned2011-12-15T11:34:06Z-
dc.date.available2011-12-15T11:34:06Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53372-
dc.description.abstractUrban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies in recent decades. We offer an analysis of the relative merits of market-based and prescriptive approaches to water conservation, where prices have rarely been used to allocate scarce supplies. The analysis emphasizes the emerging theoretical and empirical evidence that using prices to manage water demand is more cost-effective than implementing non-price conservation programs, similar to results for pollution control in earlier decades. Price-based approaches also have advantages in terms of monitoring and enforcement. In terms of predictability and equity, neither policy instrument has an inherent advantage over the other. As in any policy context, political considerations are important.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 66.2008en_US
dc.subject.jelQ25en_US
dc.subject.jelQ28en_US
dc.subject.jelQ58en_US
dc.subject.jelL95en_US
dc.subject.ddc330en_US
dc.subject.keywordCost-effectivenessen_US
dc.subject.keywordWater Conservationen_US
dc.subject.keywordMarket-based Approachesen_US
dc.subject.keywordPolicy Instrument Choiceen_US
dc.subject.keywordWater Priceen_US
dc.titleComparing price and non-price approaches to urban water conservationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn643907947en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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