Suter, Jordan F.; Duke, Joshua M.; Messer, Kent D.; … - In: American Journal of Agricultural Economics 94 (2012) 5, pp. 1094-1112
This research uses laboratory experiments to examine how hydrogeologic properties of groundwater models influence decision making. The results reveal that pumping rates are highest when the underlying model is such that the future costs of groundwater use are broadcast evenly to all users, as a...