Kovacs, Kent; Popp, Michael; Bryce, Kristofer; West, Grant - In: Journal of Agricultural and Resource Economics 40 (2015) 1
Groundwater management is conducted in spatial aquifers where well pumping results in localized cones of depression. This is in contrast to the single-cell aquifer used in most economic analyses that assumes groundwater depletion occurs uniformly over a study area. We address two aspects of the...