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Cost sharing and multiobjectives in water resource development
Author(s) -
Marshall Harold Emory
Publication year - 1973
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr009i001p00001
Subject(s) - cost sharing , business , environmental economics , resource (disambiguation) , environmental resource management , computer science , economics , computer network , political science , law
The U.S. Water Resources Council has considered objectives in addition to national economic development for the evaluation of water projects. Cost‐sharing rules have not been proposed for the new objectives. A conceptual method is proposed for planning the nationally optimal project with multiobjectives. The data required for project evaluation with multiobjectives are used to apply a cost‐sharing rule that induces local interests to choose nationally efficient projects. The rule is recommended for traditional project purposes and some new purposes. It can be applied to a multiple‐purpose project without allocating project joint costs. A ceiling and a floor on local percentage cost shares of 100% and 20% of project costs, respectively, are considered for traditional purposes. Local percentage cost shares of 50% and 100% are considered for all costs allocated to environmental quality and regional development objectives, respectively.