On the Natural and Economic Difficulties to Fulfilling the Human Right to Water Within a Neoclassical Economics Framework
We present a neoclassical economic model of the human right to water using a nonrenewable resource model inclusive of a backstop technology. The right is interpreted as a minimum consumption requirement the government is obligated to fulfill in the event that any one household cannot do so independently. Differing by income levels, households maximize utility by purchasing a composite consumption good and water from two distinct, government-owned sources. Facing physical and financial constraints, the government uses fiscal policy to address potential human rights violations. Reducing the analysis to two periods, we develop a novel approach to compare total welfare levels from a joint human rights and neoclassical economics perspective. We define a human rights welfare standard and discuss cases in which traditional social welfare measures would exceed, violate, or meet this standard. We thus offer a unique way to merge economic analysis with human rights research.
Year of publication: |
2013
|
---|---|
Authors: | Jeffords, Christopher ; Shah, Farhed |
Published in: |
Review of Social Economy. - Taylor & Francis Journals, ISSN 0034-6764. - Vol. 71.2013, 1, p. 65-92
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Saved in favorites
Similar items by person
-
On the Natural and Economic Difficulties to Fulfilling the Human Right to Water
Jeffords, Christopher, (2011)
-
Jeffords, Christopher, (2013)
-
Jeffords, Christopher, (2013)
- More ...