WATER RESOURCES ECONOMICS AND PROJECT DEVELOPMENT —A CASE STUDY APPROACH

摘要

This paper discusses the importance of water resource economics in the decision makingprocess for the implementation of Federal Reclamation projects. It briefly describes thehistory of the development of the Principles and Guidelines (P&Gs). The paper delvesinto the two primary methods for achieving project authorization and funding; 1)Following the executive branch agency processes of study and application of P&Gs, and2) Following the political path directly to Congress. The paper shares some candidperspectives about the two methods, the advantages of each method, and the ultimate roleof the Office of Management and Budget (OMB) in establishing the administration’sposition regarding any proposed federal project. The paper explores case studiesinvolving the two methods. The paper concludes with a brief examination of the ongoingUS Army Corps of Engineers (USACE) and the President’s Council on EnvironmentalQuality (CEQ) review of the 1983 P&Gs with a look toward the future.