Evaluating Water Conservation Strategies and Policies
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The four papers presented at this invited session examine various ways that economic
analysis can be used to examine issues of water conservation strategies and policies. Three
of the four are focused on water issues in Texas, and one examines a private insurance
contract scheme for irrigation scheduling using Georgia weather and water data. All four
papers are well written and interesting, but all four illustrated the limits of conventional
economic analysis in its ability to shed light on public policy. This is particularly the case in
the heavy reliance on economic efficiency analysis that is employed in the papers.