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General principles of groundwater management for a single aquifer are extended to the management of multiple water resources, including additional aquifers, recycled wastewater, and desalinated seawater. Optimal groundwater extraction can be incentivized by pricing according to the Pearce...
Persistent link: https://www.econbiz.de/10011162937
We provide a synthesis of the economics of groundwater with a focus on optimal management and the Pearce equation for renewable resources. General management principles developed through the solution of a single aquifer optimization problem are extended to the management of multiple resources...
Persistent link: https://www.econbiz.de/10010552344
In this paper, I investigate the sustainability of optimal cooperative policies for the replenishment of a renewable resource shared by two countries. If the development of these nations constitutes a threat to the common stock, under what conditions can a social best (a Pareto optimum) be...
Persistent link: https://www.econbiz.de/10005248382