Economic efficiency and cost implications of habitat conservation: An example in the context of the Edwards Aquifer region Academic Article uri icon

abstract

  • Groundwater management in the Edwards Aquifer in Texas is in the process of moving away from a traditional right of capture economic regime toward a more environmentally sensitive scheme designed to preserve endangered species habitats. This study explores economic and environmental implications of proposed groundwater management and water development strategies under a proposed regional Habitat Conservation Plan. Results show that enhancing the habitat by augmenting water flow costs $109-1427 per acre-foot and that regional water development would be accelerated by the more extreme possibilities under the Habitat Conservation Plan. The findings also indicate that a water market would improve regional welfare and lower water development but worsen environmental attributes.

author list (cited authors)

  • Gillig, D., McCarl, B. A., Jones, L. L., & Boadu, F.

citation count

  • 7

publication date

  • April 2004