Showing 1 - 10 of 5,681
This paper examines how a surface water market affects the performance of a groundwater basin that is in open access. The market only solves the groundwater over-extraction problem when pumping costs are high, while market failure arises when the common pool resource (CPR) problem is severe. I...
Persistent link: https://www.econbiz.de/10012861233
Water policy experts contend that the United States is heading toward a water scarcity crisis in the coming years. Global climate change is likely to make water scarcity much worse in the long run. This article argues that demands of current and projected water management challenges can best be...
Persistent link: https://www.econbiz.de/10014210537
A great challenge facing future agricultural water policy is to explore the potential for transition from the current myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A number of economic and/or command and control instruments...
Persistent link: https://www.econbiz.de/10014184079
In this paper, I evaluate the welfare implications of shortages in renewable resources, and investigate the effects of cross-subsidization on these shortages. I set up a stochastic dynamic programming model in which a benevolent central planner allocates the resource for multiple user-groups...
Persistent link: https://www.econbiz.de/10014157490
the impacts of EU CAP on environmental sustainability of farms of different juridical type, size, specialization and …
Persistent link: https://www.econbiz.de/10014158696
The public trust doctrine is an ancient doctrine of public property law that governs sovereign stewardship of natural resources. The doctrine both promote public access to trust resources and requires sovereign protection of them for the benefit of the public, including future generations. The...
Persistent link: https://www.econbiz.de/10013249280
A recent trend of literature investigates how international trade compensates or accentuates the differences in countries’ endowments in water resources and whether trade regulation should be used to improve the use of water resources at the global level. We develop a simple model establishing...
Persistent link: https://www.econbiz.de/10013326532
A great challenge facing future agricultural water policy is to explore the potential for transition from the current myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A number of economic and/or command and control instruments...
Persistent link: https://www.econbiz.de/10008934713
This paper develops a spatial model for a water basin that allows for surface water allocation and re-use of the water that is lost. The analytical solution suggests specialisation of production over space - upstream farmers use canal water and downstream farmers pump groundwater that is lost...
Persistent link: https://www.econbiz.de/10014071077
Professor Blumm traces the evolution of the modern public trust doctrine in the West. He claims the doctrine is best understood by focusing on the remedies courts prescribe for trust violations. Although he sees four distinct categories of remedies in the case law, he asserts that they all...
Persistent link: https://www.econbiz.de/10012958068