National Research Council on the scarcity value of water

Another tidbit from the National Research Council’s new report on the problems of the California Bay-Delta: By assigning to water a scarcity value of zero, many current policies signal consumers that water is available without limit, even while the limits imposed by scarcity are intensifying. As a result, more water is used than would be …

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Another New West real estate metric: dog pee

My interest in water lured me into an interest in real estate, because of the way the West’s housing boom ramped up the demand for water, and the way the bust has scrambled the equation. So I’m looking for new ways of measuring the housing market’s recovery. I’m still scratching my head about this one, …

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On data and incentives

I’ve long been suspicious of ski area snow reports, preferring to go with Snotel data when writing about storms. It turns out my skepticism was warranted. From Zinman and Zitzewitz (pdf): Ski resorts self-report substantially more natural snowfall on weekends. Resorts that plausibly reap greater benefits from exaggerating do it more.  

The Jevons Paradox and greywater reuse

Hey lazyweb – anybody know if someone’s looked rigorously at the question of greywater use in the context of a Jevons-like paradox? Putting together some notes for a talk this weekend to the Xeriscape Garden Club of Albuquerque (Sat. 10 a.m. at the Garden Center if you’re in town), I’ve been thinking anew about the question …

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How US home builders screwed up

Anthony Downs at Brookings, from “What’s Wrong With American Housing“: Even before the dramatic collapse of housing starts after 2005, it should have been obvious to home building firms that they were in for a downward ride after starts surpassed two million in both 2004 and 2005. Those years of peak production led to an oversupply in …

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Conservation and the water pricing dilemma

We see this over and over again. Generally speaking, water is free to municipal/industrial customers in the United States. What we pay in our water bill is for the cost of delivery – the pumps and pipes. We’re paying for water delivery infrastructure, not the commodity itself. But we nevertheless generally price the water by …

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My education in economics: Public Goods

Once this resource was provided*, those who failed to pay for it (such as me, drifting through Albuquerque’s Old Town plaza at the end of a long Saturday bike ride) could not be excluded from enjoying its benefits. In addition, my consumption of the resource (sitting in the shade listening to the music) did not, …

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