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Economic Impacts of Severe and Sustained Drought

by Robert A. Young, Colorado State Univ, Fort Collins, United States,
James F. Booker, Colorado State Univ, Fort Collins, United States,
Ari M. Michelsen, Colorado State Univ, Fort Collins, United States,



Document Type: Proceeding Paper

Part of: Water Policy and Management: Solving the Problems

Abstract:

A hydrologic-economic-legal impact model shows that a severe and sustained drought in the Colorado River Basin would cause acute economic damages to most instream water users, and to upper basin consumptive users. Intrastate water markets would greatly reduce impacts to consumptive users, but would do little to reduce impacts on non-consumptive uses.

Subject Headings: Hydrologic models | Droughts | Water shortage | Rivers and streams | Economic factors | Basins | Water resources | Colorado River

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