Measuring Benefits of Water Supply Projectsby Farhad Farnam, California Dep of Water Resources, United States,
Abstract: Various approaches are used to determine the value of water supply projects. Deterministic methods will lead to biased valuation of additional supplies of water. Calculation of risk premium to avoid adverse water conditions is an indication of farmers' willingness to pay.
Subject Headings: Water supply | Water pollution | Risk management | Value engineering | Agriculture
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