The sustainability of water resources depends on the dynamic interactions among the environmental, technological, and social characteristics of the water system and local population. These interactions can cause supply-demand imbalances at diverse temporal scales, and the response of consumers to water use regulations impacts future water availability. This research develops a dynamic modeling approach to simulate supply-demand dynamics using an agent-based modeling framework that couple models of consumers and utility managers with water system models.
First-best climate policy is a uniform carbon tax which gradually rises over time. Civil servants have complicated climate policy to expand bureaucracies, politicians to create rents. Environmentalists have exaggerated climate change to gain influence, other activists have joined the climate bandwagon. Opponents to climate policy have attacked the weaknesses in climate research. The climate debate is convoluted and polarized as a result, and climate policy complex.