Ecological Economics and Water Resources Geography

Document Type

Article

Journal/Book Title

Ecological Economics and Water Resources Geography

Publisher

Wiley Online Library

Publication Date

8-1-2009

Volume

142

Issue

1

First Page

52

Last Page

55

Abstract

The multifaceted, applied nature of water resources makes it a classic interdisciplinary field of research. Civil engineering and hydrology were long the leaders among water-related disciplines, while water law and neoclassical economics focused on decision-making rules for water resources development and allocation. In fact, cost-benefit analysis was invented by American economists as a means to evaluate public investment options in the mid-20th century era of rapid water resources development (Tietenberg 2003). When dealing with water resources, one bridge from geography has landed in natural resource and environmental economics but the traffic crossing that bridge has never been very brisk.

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