| FRESHWATER, FRESHWATER ALLOCATION PROBLEMS AND MECHANISMS, AND THE "FIRST GIVE - THEN TAKE" PRINCIPLE |
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| by |
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| Dimitrios A Giannias, University of Crete |
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| JEL classification : D210, D620, Q250 |
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| Abstract |
| Water is the most abundant resource on Earth and the problems associated with its allocation plenty. Various policies and procedures have been traditionally available to effectively solve these problems which are some kind of externality. The "first give - then take" principle suggests a new way to internalise externalises in freshwater allocation problems. This paper introduces explicitly freshwater quantity and quality in the analysis, investigates the optimality properties of the principle and overviews all relevant trends, practices, alternative solutions, and expected costs and benefits of freshwater management. |
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