Water resources can be soon exhausted with the overdeveloped industrialization. High-water-consumption (HWC) industries and their supply chains are trying to reduce water consumption in the production process. These water-saving behaviors and effects may be subsidized by the government to pursue the goal of social welfare maximization (SWM).
View Article and Find Full Text PDFInt J Environ Res Public Health
September 2019
Often enough, social welfare and private benefit do not align for quasi-public goods/services. The inter-basin water transfer (IBWT) project provides a vivid example of this. In this paper, following the game-theoretical approach, we derive an optimal Ramsey pricing scheme to resolve these conflicts.
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