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Estimate of Economic Impacts of Climate Change upon US Water Resources Using Partial Equilibrium Modeling

by Paul Kirshen,



Document Type: Proceeding Paper

Part of: WRPMD'99: Preparing for the 21st Century

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 | Economic factors | Water supply | Water policy | Climate change | Curvature | Water use | United States

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