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ON AN ECONOMIC VALUATION OF THE COLUMBIA‐SNAKE RIVER COMPLEX 1
Author(s) -
Millham C. B.,
Russell R. A.
Publication year - 1970
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1970.tb01623.x
Subject(s) - valuation (finance) , irrigation , hydrology (agriculture) , environmental science , water resource management , natural resource economics , geography , economics , geology , ecology , finance , geotechnical engineering , biology
This paper is an effort to establish a lower bound on the economic value of the Columbia and Snake Rivers to the State of Washington, so as to assess the economic consequences of diversion of waters of these rivers to other geographic regions. The uses recognized in this paper are for power generation and irrigation, although the dynamic‐programming model constructed is capable of incorporating, with minor changes, returns from other uses of the rivers when the economic data can be obtained.