| Abstract: | ABSTRACT: Economic information for efficient water allocation is difficult and costly to acquire under administrative water systems evolving under the Model Water Code. One approach to obtaining more information is to use a simulator like the Florida AGWATER model. The advantage of AGWATER is the potential for realistic prediction, because it operates at the field and day levels, using detailed information for each crop and tract. Unfortunately, such simulators are complex and require large amounts of costly input data. A better solution to the information problem may be to use markets for the marketable goods associated with water, because information is inherent in such a process. This approach will allow limited modeling and management resources to be put into using water models to generate information for the goods dependent on water that are difficult to market, like wildlife services. |
