Characterizing The Economic Abundance of Water

Midshipman Researcher(s): 1/C Logan Williams

Adviser(s): Professor Kurtis Swope, LT RJ Amador

Poster #94

Water is a naturally heterogeneous good. It is valued, priced, and provided differently across regions of the world. This project models water provision under four primary expected provision mechanisms (private, non-governmental aid-based, non-governmental community-based, and public) and empirically analyzes water provision in practice in order to develop a "metric of abundance" that characterizes accessibility and affordability. Early results applying this metric to public municipal water provision point to increasing abundance in much of the world, but rising percentages of income spent on water consumption in Africa – an initial, but ambiguous sign of changing water affordability in that region.

Full Size Quantitative Economics #94