%0 Journal Article
%T Theory of an Optimal Dynamical Water Resource Management Policy
%A Muhammad Ashfaq Ahmed
%A Nasreen Nawaz
%J Journal of Water Resource and Protection
%P 85-113
%@ 1945-3108
%D 2023
%I Scientific Research Publishing
%R 10.4236/jwarp.2023.153006
%X Water markets even though not perfect and require a lot of effort to establish are considered as a robust tool to address water management issues around the world. However, the existing literature does not provide an optimal water resource management policy. To create a perfect water market, the government needs to identify the potential number of suppliers/producers and consumers of water against various extraction/supply/production rates of water, i.e., to identify a supply and a demand curve for number of suppliers/producers of water against each production rate in economy. This article presents a theory which is practically applicable for an optimal dynamical water resource management policy (JEL H20, H23, H27).
%K Water Market
%K Production Rate
%K Dynamic Efficiency
%K Adjustment Path
%K Equilibrium
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=123771