Dinar, A.: Advanced Introduction to Water Economics and Policy

Water economics and policy play a crucial role in managing water as a vital resource and addressing its allocation and sustainability.Water scarcity affects billions' lives worldwide, exacerbating competition among agricultural, industrial, and domestic users -even in countries which were considered rich in water for a long time but are increasingly suffering from declining water resources due to climate change, including regions like the Danube-Tisza Interfluve in Hungary.Hence, the efficient use of water is a critical task for contemporary societies.Efficient use, however, requires effective water economics involving proper pricing that reflects the real value of water and encourage conservation and efficient use, as subsidized water rates can lead to overconsumption, while consumption-based pricing and pricing reforms can reduce waste (Dinar, A. and Yaron, D. 1992).These questions are investigated in much detail in the current book, providing a comprehensive and authoritative overview of water economics and policy.