Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53372 
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dc.contributor.authorOlmstead, Sheila M.en
dc.contributor.authorStavins, Robert N.en
dc.date.accessioned2011-01-13-
dc.date.accessioned2011-12-15T11:34:06Z-
dc.date.available2011-12-15T11:34:06Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x66.2008en
dc.subject.jelQ25en
dc.subject.jelQ28en
dc.subject.jelQ58en
dc.subject.jelL95en
dc.subject.ddc330en
dc.subject.keywordCost-effectivenessen
dc.subject.keywordWater Conservationen
dc.subject.keywordMarket-based Approachesen
dc.subject.keywordPolicy Instrument Choiceen
dc.subject.keywordWater Priceen
dc.titleComparing price and non-price approaches to urban water conservation-
dc.typeWorking Paperen
dc.identifier.ppn643907947en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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