Griffin has succeeded in producing something rare: an economics textbook that is both comprehensive in its topical coverage and lively enough to engage non-economists! Sound mathematical/graphical treatment of key subjects, yet easy-to-follow prose: this book ought to be required reading not only for students of water resource economics but for public officials and water agency staff worldwide.
Bonnie Colby, Professor, Departments of Agricultural & Resource Economics and Hydrology, University of Arizona
What differentiates this book from others on water economics issues is its comprehensive overview of the subject matter, including institutional analysis, various appraoches to water efficiency, and policy analysis, to mention only a few. Griffin is uniquely placed to write such a book, and he eloquently guides the reader through the economic links between scarcity, policies, and projects in a way that accommodates differing levels of comprehension. This book is special, long awaited by economists and water professionals.
Ariel Dinar, The World Bank
This text provides a rigorous conceptual basis for economics while simultaneously enabling students to obtain a solid background in water resource economics in a single course. Griffin uses a minimum of mathematics and economics jargon to explain economic concepts applied to water resource planning problems. His book makes a fundamental contribution to multidisciplinary curricula in water resource engineering, planning, and management, and should be required reading for all students in such programs.
Richard M. Vogel, Professor of Civil & Environmental Engineering, Tufts University
Griffin's wonderful text provides balanced and insightful coverage of the economics and management of water resources. He guides the reader through the fascinating world of water institutions, using economic theory to shed light on private choices, market outcomes, and policy design. The book can be the main text for a intermediate course in water economics or even natural resources. I recommend it strongly.
David Zilberman, Department of Agricultural & Resource Economics, University of California, Berkeley