Wang, Chenggang; Segarra, Eduardo - In: Journal of Agricultural and Resource Economics 36 (2011) 1
resources when water demand is perfectly inelastic. It complements the existing theory of groundwater use, which assumes away … the possibility of demand perfect inelasticity. Under perfectly inelastic water demand, the common-pool resource dilemma … management research should pay more attention to water demand elasticity and productivity heterogeneity. …