Item description for Liquid Assets: An Economic Approach for Water Management and Conflict Resolution in the Middle East and Beyond (Resources for the Future) by Franklin M. Fisher, Annette Huber-Lee, Ilan Amir, Shaul Arlosoroff, Zvi Eckstein & Munther J. Haddadin...
Liquid Assets shows that the common view of water as an inevitable cause of future wars is neither rational nor necessary. Typically, two or more parties with claim to the same water sources are thought to play a zero-sum game with each side placing a high emotional and political value on the ownership of the water. However, Franklin Fisher and his coauthors demonstrate that when disputes in ownership are expressed as disputes about money values, in most cases, the benefits of ownership will be surprisingly small. By assigning an economic value to water and treating water as a tradable resource, parties see that the gains from cooperation exceed the costs resulting from the change in ownership. A zero-sum game becomes a win-win situation.
To support this new approach, Liquid Assets presents an innovative water allocation model that can be used to assist water management, the cost-benefit analysis of water infrastructure, and the resolution of disputes. The model takes system-wide effects into account and is the first to overcome the failure of actual water markets to cope with the divergence between social and private benefits (as implied by agricultural subsidies), permitting the model-user to impose his or her own values or policies.
Liquid Assets applies its methodology to Israel, Jordan, and Palestine, a region where water is scarce and water conflicts are often thought to be explosive. Indeed, Liquid Assets is the result of a joint effort of Israeli, Jordanian, Palestinian, American, and Dutch experts. But the book's message and methods are not restricted to the Middle East. They are applicable to water management and water disputes around the globe.
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Est. Packaging Dimensions: Length: 0.75" Width: 6.5" Height: 9.5" Weight: 1.14 lbs.
Release Date Sep 14, 2005
Publisher RFF Press
ISBN 1933115084 ISBN13 9781933115085
Availability 1 units. Availability accurate as of Oct 26, 2016 11:11.
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More About Franklin M. Fisher, Annette Huber-Lee, Ilan Amir, Shaul Arlosoroff, Zvi Eckstein & Munther J. Haddadin
Franklin M. Fisher is Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics, Emeritus, at MIT. He was the lead expert economist for the defense, assisted by John J. McGowan and Joen E. Greenwood of Charles River Associates, in the major antitrust case "U.S. v. IBM. " His collected essays have been published in "Econometrics: Essays in Theory and Applications" and in "Industrial Organization, Economics and the Law."
Franklin M. Fisher currently resides in the state of Massachusetts. Franklin M. Fisher has an academic affiliation as follows - Massachusetts Institute of Technology.