Bengt Kristrom – författare

Several factors suggest that resource conflicts involving moving water are likely to be even more difficult to resolve today than they have been in the past. The contributors, top scholars in resource economics, consider a variety of issues through the lens of cost benefit analysis. In the first part of the book, they address specific cases and issues from North America and Europe. The book closes with a more general look at the topic.

Academics and students interested in applied welfare economics, especially cost benefit analysis and energy economics, along with government officials in the energy environment nexus and private sector analysts will all find much of interest and value in this volume.

Contributors include: J. Duffield, F. Forsund, N. Hanley, L. Hjalmarsson, P.-O. Johansson, Y. Ju, B. Kristrom, J. Loomis, E.M. Moore, B. Ranneby, V.K. Smith

Should more water be diverted to or from electricity generation? This timely question is addressed in this short volume. Two different approaches are introduced and compared: The first is a cost-benefit analysis, examining the case of re-regulating a Swedish hydropower plant in which water is diverted from electricity generation to the downstream dryway. The proposed scenario generates environmental and other benefits, but comes at a cost in terms of lost electricity. The second study introduces an approach very different from the one used in conventional cost-benefit analysis, and provides a set of measures designed so that most, if not all, affected parties will be better off. Thus, in contrast to a conventional cost-benefit analysis, which draws on hypothetical compensation measures, the new approach envisages actual compensation. Comparing two different theoretical frameworks on the basis of a real-world case, this study can be seen as a manual that can be used to evaluate reasonably small re-regulation of rivers.