The true value of irrigation water in the Olifants River Basin: Western Cape
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The true value of irrigation water in the Olifants river irrigation system is determined using
a static deterministic linear programming model. This paper illustrates that a water market
will generate price signals which will reflect the true scarcity of water. If the water market is
left to operate pareto optimality will be reached and the general welfare of the nation will
increase. What is more, water which is a true scarce resource in South Africa will be used
more effectively.