The research group in Environmental Economics (EnvEco) studies the interactions between economic activities and the water environment by applying various economic methods and tools, such as cost-benefit analysis and hydro-economic models. The cluster uses economic principles and approaches with the aim of supporting the sustainable management of water resources. The main research focus of the group is on the economic modeling and valuation of ecosystem services provided by water resources, the assessment of the social welfare changes associated with water use and allocation, both in terms of quantity and quality, and payments for water services.
