Economic efficiency has to do with how much wealth a given resource base can generate. Equity has to do with how that wealth is to be distributed in society. Economic efficiency gets far more attention, in part because equity considerations involve value judgements that vary from person to person. The authors examine both the efficiency and the equity of different methods of pricing irrigation water. After describing water pricing practices in a number...
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DETAILS
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1995/05/31
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Policy Research Working Paper
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WPS1460
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1
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1
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2010/07/01
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Efficiency and equity considerations in pricing and allocating irrigation water
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farmer
Citation
Tsur, Yacov; Dinar, Ariel.
Efficiency and equity considerations in pricing and allocating irrigation water (English). Policy, Research working paper ; no. WPS 1460 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/838961468764418290