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<br />;:l <br /> <br />>.., <br /> <br />The Economic Setting <br /> <br />:~.;.. <br />:)' <br /> <br />-", <br /> <br />The other study took a more comprehensive look at the different ways to <br />consider the value of water in the area (Brown et al. 1996). It estimated <br />that the marginal value of water to households is probably $7-33 per acre <br />foot, but could rise to more than $400 under a scenario of pricing, regulatory, <br />and other measures to curtail average consumption by about one-half. Given <br />the city's determination that it must curtail consumption patterns, future <br />marginal values will be higher than today's, although they might not rise to <br />the upper bound estimated by Brown et al. This conclusion is reinforced by <br />the data in Figure 2.2, which shows the current consumption rate in <br />Albuquerque is considerably higher than those in other Southwestern cities. <br />The difference stems primarily from differences in prices and economic <br />structure. Although consumption in each city is a function of many <br />variables, including water price, climate, and economic structure, Figure 2.2 <br />indicates that Albuquerque probably has considerable leeway to reduce <br />consumption- and increase the marginal value of water-and still retain the <br />character of a modern metropolitan economy. <br /> <br /> <br />0:':; <br /> <br /><7i-, <br /> <br />9_, <br />~ <br /> <br />" <br /> <br />'.:. <br /> <br />250 <br />~ 225 <br />f5 200 <br />0- <br />i:f 175 <br />~ 150 <br />v <br />"" <br />~ 125 <br />~ 100 <br />9 75 <br />:<t <br />(!)ro <br /> <br />A1buquer~e w. Other Cities <br /> <br />,'. <br /> <br /> <br />;"~- <br /> <br />Santa F 011 <br /> <br />Tl.Cson <br /> <br />EI Paso <br /> <br />Pro01lri x <br /> <br />A1blolqlolQl'qlR <br /> <br />Figure 2.2.-Per capita water consumption for Albuquerque, Phoenix, <br />EI Paso, Tucson, and Santa Fe. <br />Source: City of Albuquerque, Water Conservation Office (1996). <br /> <br />Recreational Values. There is no comprehensive assessment of the value <br />society places on water-dependent recreation in the Basin, but several <br />studies provide some useful insights. Using a conservative estimate of the <br />value that anglers place on water used for fishing for the area that embraces <br />the Rio Grande Valley from the Colorado-New Mexico border to below <br /> <br />';!'294<"J <br />, \~, ~ <br /> <br />61 <br />