This study investigates the impact of freshwater ecosystem services (ESS) on water allocation within a comprehensive water economy. The ESS generated by stream flows, surface water stocks, and groundwater stocks are distinguished and their effects on water allocation and pricing are analyzed....

"The chapter highlights the structure of the book, explains its approach and summarizes its main message. Increased water scarcity intensifies the tradeoffs inherent in allocating water to competing uses and turns the policy challenge of managing water resources ever more crucial. The book...

The state of water resources and the need for a comprehensive perspective -- The water economy -- Supply costs, demands and benefits -- Optimal water policy -- Water regulation -- Conjunctive use -- Case studies of regulatory interventions -- Economy-wide considerations of water management --...