Estimate of Economic Impacts of Climate Change upon US Water Resources Using Partial Equilibrium Modelingby Paul Kirshen,
Document Type: Proceeding Paper
Abstract: (No paper) The use of the model is to determine the allocation of water between suppliers and consumers under present and future climates such that net economic benefits subject to regulatory and policy constraints are maximized. Net benefits are defined as the difference between willingness to pay (the area under the demand curve) and willingness to supply (the area under the supply curve) or the sum of consumers' surplus and producers' surplus.
Subject Headings: Water resources | Climate change | Hydrologic models | Economic factors | Curvature | Water supply
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