Water Resource Economics & Planning

With increasing water scarcity and threats to water quality, understanding the value of our water sources is more important than ever. While our team has worked in many sectors, in nearly all of our projects, the economics regarding the use and allocation of water is a key component of our work. 

 

At Highland Economics, we help our clients to value:

 

  • Water rights

 

  • Irrigation water supplies

 

  • Instream flows for recreation and environmental services

 

  • Economic consequences of reallocating water

 

  • Costs and benefits of water quality regulations

 

  • Flood control benefits

 

  • Socioeconomic and environmental justice effects of water policy

 

  • Economic feasibility of industrial and agricultural uses of water

 

We also provide water planning services, including water demand forecasting and analysis of alternative strategies to meet demand or mitigate shortages.  Water forecasting work relies extensively on demographics and forecasted population growth.  Highland economics also provides water quality services and cost benefit analysis of water resources.

 

Throughout their careers, Highland economists have valued water and estimated its economic contribution in agricultural, municipal, industrial, and instream flow uses in over ten states, including Washington, Oregon, California, Montana, Nevada, New Mexico, Arizona, Florida, Tennessee, and Illinois.

Selected Water Economics Projects

 

Water as a Benefit of Land Use

 

Highland Economics was hired to estimate the total economic value of an ecologically important area under three land use scenarios with contrasting benefits. We included in the study economic values associated with agricultural production, water supply, water quality, recreation, biodiversity, and volunteer labor. We used @Risk software to conduct sensitivity analyses and run Monte Carlo simulations, which tested our assumptions and provided a range of likely values. Our analysis will be used to help inform decision-making regarding the management of the study area.

© 2014 by by Highland Economics. 

Leveraging Economic Insights since 2013