Three approaches to measuring natural resource scarcity : theory and application to groundwater

Summary Efficient pricing of a resource incorporates both marginal cost of extraction and scarcity rents. Since groundwater resources exhibit natural supply constraints, scarcity rents must be imposed on current users. Given the difficulty of establishing clear groundwater ownership rights, scarcity...

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Bibliographic Details
Main Author: Koundouri, Phoebe
Published: University of Cambridge 2000
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.426449