Hydro-economic Modeling in River Basin Management: Implications and Applications for the European Water Framework Directive

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In this Subject: Business ,&nbsp; <a title="Hydraulic & Environmental Engineering" href="/content/subcat?j_subject=189&j_availability=">Hydraulic & Environmental Engineering
By this author: Heinz, I. ;&nbsp; Pulido-Velazquez, M. ;&nbsp; Lund, J. ;&nbsp; Andreu, J.

Authors: Heinz, I.; Pulido-Velazquez, M.; Lund, J.; Andreu, J.

Source: Water Resources Management, Volume 21, Number 7, July 2007 , pp. 1103-1125(23)

Publisher: Springer

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Abstract:

Economic ideas and processes are becoming increasingly integrated with more traditional engineering and hydrologic models of water management problems. Combining economic management concepts and performance indicators with an engineering-level of understanding of a hydrologic system can provide results and insights more directly relevant for water management decisions and policies. When such models are developed and used with involvement of stakeholders, they can become a basis for shared understanding of water problems as a foundation for negotiated management and policy solutions. When implemented with optimization software, integrated hydro-economic models also can suggest promising innovative solutions for policy-makers to consider. Their applications to river basin management problems are reviewed. Economic and integrated economic-engineering-hydrologic modeling is then discussed in the context of the evolving European Water Framework Directive. Relevant items are cost recovery and water pricing, cost-effectiveness of water management measures, and public participation in decision processes.

Keywords: water management; modeling; economics; environmental costs; cost recovery; water pricing; water allocation; cost-effectiveness; cost benefit analysis; optimization; water policy; European Union