What is a Fish Out of Water? The Economics Behind the Joint Management of Water Resources and Aquatic Species in the United States
This paper reviews the economics literature on management problems involving linked water resources and aquatic species.
The health of many marine, coastal, freshwater, and other aquatic ecosystems is inextricably linked to water quality and quantity management decisions. In this article, we survey contributions by economists that quantify the impacts of water resource management on aquatic species in the United States, and, in some cases, quantify opportunities for welfare gains from managing water and aquatic species systems jointly. Existing studies address multiple water uses, such as agricultural irrigation and hydropower generation, as well as different societal benefits from aquatic species such as commercial and recreational fishing and endangered species preservation. The studies employ a variety of methodologies including stated and revealed preference, bioeconomic modeling, and reduced-form econometrics. We conclude with a discussion of future research directions that could enhance understanding of tradeoffs between water and aquatic species management outcomes and identification of opportunities for gains from joint management in the United States.
On the Issues — Nov 10, 2023
On the Issues: Renewable Energy Headwinds, Electric Grid Upgrades, and More
A biweekly newsletter connecting global current events, pressing climate and energy policy news, and economics research from RFF scholars. This week: Renewable Energy Headwinds, Electric Grid Upgrades, and More.
Resources Radio — Oct 24, 2023
When Freshwater Gets Salty, with Becky Epanchin-Niell
Becky Epanchin-Niell discusses saltwater contamination in freshwater; the causes of contamination; and how this saltwater intrusion affects drinking water, agriculture, coastal ecosystems, and economies.
Resources Magazine — Oct 4, 2023
As Sea Levels Rise, So Does Wastewater
Sea level rise poses a threat for waste disposal infrastructure. In houses with septic systems, rising wastewater can cause unhygienic overflows and system failures. More funding and community involvement can help address this expensive, growing problem.
On the Issues — Aug 25, 2023
On the Issues: Artificial Intelligence, US Treasury Delay, and More
A biweekly newsletter connecting global current events, pressing climate and energy policy news, and economics research from RFF scholars. This week: Artificial intelligence, US Treasury Delay, and more.