This important book sheds light on the ways in which modern tools of welfare economics can be used to assess the benefits and costs of resource conflicts involving hydropower. The chapters highlight key methodological issues in this area; ranging from the intersection between cost-benefit analysis...

This Element on cost-benefit analysis provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. The Element discusses how to assess small (or marginal) as well as large (or non-marginal)...

Preface -- 1 Introduction -- 2 Origins of CBA of Wter Use Conflicts -- 3 A Simple Cost-Benefit Rule -- 4 The Main Items in the Cost-Benefit Analysis -- 5 Towards Empirical Measurement of Externalities -- 6 Blueprint for a CBA -- 7 Concluding Remarks -- 8 References -- 9 Appendices -- Index

Should more water be diverted to or from electricity generation? This timely question is addressed in this short volume. Two different approaches are introduced and compared: The first is a cost-benefit analysis, examining the case of re-regulating a Swedish hydropower plant in which water is...