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Showing 1 to 1 of 1 for “"scarcity pricing"”.
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The economics of urban water policy : infrastructure, scarcity, and conservation
… change. These two realities imply that increased scarcity may lead to over-consumption, premature resource exhaustion, and shortages. Chapter 3 develops a hydro-economic model of social welfare maximization constrained by water availability. The model provides optimal water use and the efficient …