Water Economics
Jaha
Jaha
Set of flashcards Details
| Flashcards | 312 |
|---|---|
| Language | English |
| Category | Macro-Economics |
| Level | University |
| Created / Updated | 04.07.2025 / 05.07.2025 |
| Weblink |
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That individual rationality leads to collective suboptimal outcomes.
Through self-enforcing mechanisms like penalty clauses or third-party monitoring.
The interconnection of sectors and the need for integrated policy solutions.
Improved irrigation, green electricity, and reduced health costs.
To regulate conservation and use of the ocean and its resources.
The United Nations Convention on the Law of the Sea (UNCLOS).
Areas up to 200 nautical miles where coastal states have resource rights.
Unclear boundaries and competing territorial claims.
Water as trigger, weapon, or casualty.
Due to climate change and rising competition among users.
A strategy that yields the best outcome regardless of the other player's choice.
A set of strategies where no player can benefit by changing their strategy unilaterally.
A situation where no player can be better off without making another worse off.
That individual rationality leads to collective suboptimal outcomes.
Through self-enforcing mechanisms like penalty clauses or third-party monitoring.
All water on Earth—in air, ground, and oceans—as ice, liquid, or gas.
Water movement: condensation → precipitation → infiltration → runoff → evaporation.
Blue, green, white, grey, black.
Most goes into soil (green); some to rivers/oceans (blue); little is used by people.
It's 99% of liquid freshwater; key for drinking and farming.
Underground, widespread, slow-moving, and invisible.
Water levels drop, especially in growing areas.
Water taken from nature for use.
Water permanently lost (e.g., by evaporation).
Rising with population; slowed in rich countries, rising in poorer ones.
China, India, USA—due to large populations.
Mostly agriculture, then industry and domestic.
Non-consumptive (e.g., transport) and consumptive (e.g., irrigation).
Homes, farms, power, mining, industry.
Total welfare drops (deadweight loss).
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