Arkansas wetlands, Economic implications, Water allocation, Agricultural reservoirs
A descriptive inquiry of the economic consequences of federal regulations which restrict the construction of agriculturally related reservoirs in Arkansas's wetlands is presented in this report. The applicable economic principles are identifyed and applied to the situation without the quantifiable information necessary to evaluate the alternatives. The difficulty of collecting the required quantifiable information necessitates the formulation of a different technique to unravel the dilemma. An alternative method for resolving the wetlands allocation question is presented for a public sector decision maker. This unconventional technique suggests that it may be desirable to estimate and compare the costs associated with the possible errors of a wetlands land use regulation in terms of both their consequences and likelihood.
Ford, Richard K. and Britton, Charles R.. 1990. A Preliminiary Investigation to Determine the Economic Implications of the "404" Permit for Constructing Agriculturally Related Reservoirs in Arkansas. Arkansas Water Resources Center, Fayetteville, AR. PUB153. 64