| ENVIRONMENTALLY OPTIMAL LOCAL WATER MARKETS |
| |
| by |
| |
| Dimitrios A. Giannias, University of Crete |
| |
| JEL classification : D620 |
|
| |
| Abstract |
| A model is presented that incorporates water quantity and quality aspects and a market based system is developed to characterize optimum water allocations between two regions or countries or among users within a region. A methodology is developed to compute the market water quantity and quality price that would prevail in a local market and the methodology is illustrated using the water allocation problem between Greece and Bulgaria concerning Nestos river. |
|
