April 2015
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Efficient solutions to flood and water logging problems are hardly achievable without flexibility in land use and management. This report considers how the use of economic policy instruments (EPIs) can improve the flexibility of land use and thereby contribute to more cost-effective flood protection and offer solutions to water logging problems. Two case studies have been conducted within the Tisza river basin of Hungary to explore if innovative EPIs can be applied in water management - with a vision to improve social welfare. The case study was prepared in the EPI Water research program (Evaluating Economic Policy Instruments for Sustainable Water Management in Europe - www.epi-water.eu