Public Goods and water suppy

7 important questions on Public Goods and water suppy

What are specific characters of water? (6 things)

1. It's essential
2. Non-substitutable
3. A flux
4. Varying availability and quality
5. Difficult to transport
6. Not a homogenous market

What is the diamond-water paradox?

How can it be that an essential resource like water has a much lower price per unit weight or volume than diamonds?

How is the value of water determined?

By its scarcity
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What do marginal values represent?

The change in value as a result of moving to the next unit of consumption or production.

What do net values represent?

The difference between two levels of benefits or between benefits and costs in a particular situations (cba).

What are examples of variable costs of water supply?

Costs for pumping, purification, decontamination, transportation

What are examples of supply enhancement strategies?

1. Build dams
2. Drill wells
3. Repair leaky infrastructure
4. Build desalinization plants

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