Abstract:
Topics include: (1) 18 forms of subsidies in the water utility industry; (2) steps for decision makers to implement water utility pricing and other regulatory reforms; (3) the 5 components of the full cost of water and the 5 elements of water value; (4) willingness-to-pay studies; (5) methods of calculating marginal costs; (6) cost-benefit analysis in the water industry; (7) financial versus economic analysis; (8) key legal decisions related to ratemaking; (9) how environmental economic principles can be applied to water utilities; and (10) a review of microeconomics as applied to the water utility industry.