Open AccessQUANTITATIVE EVALUATION OF WATER USE BENEFITS–AN INTEGRATIVE MODELING APPROACH FOR THE GREAT BARRIER REEF REGION
Author(s) -
SMAJGL ALEXANDER
Publication year - 2006
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.2006.tb00192.x
Subject(s) - nonmarket forces , computable general equilibrium , context (archaeology) , great barrier reef , impact assessment , environmental economics , production (economics) , reef , environmental resource management , economics , microeconomics , oceanography , geology , political science , paleontology , public administration , factor market
. . Policy impact assessment is an important task for economic research, especially in the context of water use, where both water quantity and quality issues are crucially linked to human decision making. The resulting impact on water use benefits has many dimensions, representing both market based values with an indication of prices and also non‐market values. This paper aims to develop a model to examine water use benefits within an integrated multi‐disciplinary focus. The integration of market and nonmarket values is implemented in a computable general equilibrium framework. Production functions for nonmarket values are formalized through multi‐criteria analysis. This paper explains how such an integrated approach can be applied using different scenarios for the Great Barrier Reef region in Australia.