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Show V. CONCLUSION The study on the economics of water allocation for the State of Utah using input- output analysis has generated two sets of estimates: ( 1) estimates of the ( joint) marginal value ( in terms of income and employment) of water, and ( 2) estimates of the increase in the demand for water intake for the state as a whole and for its individual industry sectors. The methodology behind these estimates was to treat the state as an inte - grated, homogeneous economic entity whose function it is to maximize welfare ( measured preferably in terms of household income) by the appropriate allocation of resources. The State of Utah does not have full administrative control over the allocation of all resources. The quasi- free market mechanism is the dominant administrator of resources. The exception to this, however, is the control that the state exercises over the allocation of the resource-- water. The state's job is to sense the profile of future Final Demand that is preferred by the market system, and then to allocate the resource water in a way that ensures that the gap between the actual Final Demand and the anticipated Final Demand is as small as possible. It goes without saying, that if any allocation of water supports an actual Final Demand that is equal to ( or even better than) anticipated Final Demand, water is not a problem. In this study, we provide estimates that will, we hope, aid the water administrator in executing his assigned social function. The estimates in Table 4 |