?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4070%2F&rft.title=Economic+Modeling+of+International+Water+Use+(The+Case+of+the+Aral+Sea+Basin)&rft.creator=Ermoliev%2C+Y.M.&rft.creator=Mikhalevich%2C+M.V.&rft.creator=Uteuliev%2C+N.U.&rft.description=The+paper+presents+a+procedure+for+determining+an+efficient+price+for+water+in+areas+where+there+has+been+no+market+for+pricing.+It+is+based+on+a+novel+mathematical+innovation+developed+by+the+authors.+The+paper+is+applied+to+the+Aral+Sea+region%2C+and+has+since+been+used+for+the+pricing+of+water+in+the+Chimby+Region+of+Karakalpakstan+with+interesting+results.+Without+water+pricing+in+this+region%2C+which+is+the+situation+at+present%2C+the+most+profitable+crops+are+rice+and+corn.+A+price+on+water+shifts+the+production+of+these+crops+toward+an+increase+in+livestock+production.+The+estimated+equilibrium+price+suggests+that+water+use+will+decrease+by+as+much+as+15%25%2C+but+without+significant+economic+losses+to+the+region.+The+authors+suggest+that+water+pricing+is+a+better+alternative+to+a+water-use+permits+market.&rft.publisher=RR-95-005.+Reprinted+from+Cybernetics+and+Systems+Analysis%2C+30(4)+%5B1994%5D.&rft.date=1994&rft.type=Monograph&rft.type=PeerReviewed&rft.format=text&rft.language=en&rft.rights=cc_by&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4070%2F1%2FRR-95-05.pdf&rft.identifier=++Ermoliev%2C+Y.M.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F338.html%3E%2C+Mikhalevich%2C+M.V.%2C+%26+Uteuliev%2C+N.U.++(1994).++Economic+Modeling+of+International+Water+Use+(The+Case+of+the+Aral+Sea+Basin).+++IIASA+Research+Report+(Reprint).+IIASA%2C+Laxenburg%2C+Austria%3A+RR-95-005.+Reprinted+from+Cybernetics+and+Systems+Analysis%2C+30(4)+%5B1994%5D.+++++