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DISCUSSION.

This article presents a discussion on water resource policy. Economist A. Allan Schmid while discussing nonmarket values and efficiency of public investment in water resources extends far beyond questions of water resource policy. In treating each of the major market failure phenomena--intangibles,...

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Published in:American Economic Review Vol. 57; no. 2; pp. 190 - 197
Main Authors: Haveman, Robert H., Gaffney, Mason, Maass, Arthur
Format: Article
Published: American Economic Association May67
Subjects:
Municipal water supply
Water supply
Externalities
Public investments
Water resources development
Demand function
Economics
Online Access:View this record in EBSCOhost