Groundwater resources (GW) account for nearly 30 percent of the world sustainable water supplies. Yet, this resource, which is fraught with externalities, has largely been left unregulated. The economic literature on GW is predominantly of a partial equilibrium type, taking the rest of the...

Water policy is prone to error because of the complexity of irrigated agriculture. Agriculture is spatially dependent, it exists in the context of a nation's economy with which it must compete for resources, and water markets seldom exist. The process of collective action, as Douglas North has...

We study the management of a natural resource that supports ecosystems as well as human needs. The reduction in the resource base introduces a threat of occurrence of catastrophic ecological events, such as the sudden collapse of the national habitat that lead to severe loss of biodiversity. The...

We study water regulation for a schematic water economy representing a wide range of real world situations. A water policy has inter- and intra-temporal components. The first determines the limits on extractions from the naturally replenished sources, given the stochastic nature of recharge...

We analyze the management of a coastal aquifer under seawater intrusion using distributed control methods. The aquifer's state is taken as the water head elevation, which varies with time and in space since extraction, natural recharge and lateral water flows vary with time and in space. The...

Energy market prices ignore external effects, hence miss-allocate energy generation between (polluting) fossil fuels and (clean) solar technologies. Correcting the failure requires understanding the market allocation forces at hand. An important feature of solar energy is that its cost of supply...

We study water regulation for a schematic water economy representing a wide range of real world situations. A water policy has inter- and intra-temporal components. The first determines the limits on extractions from the naturally replenished sources, given the stochastic nature of recharge...