OPTIMAL GROUNDWATER MINING IN THE OGALLALA AQUIFER: ESTIMATION OF ECONOMIC LOSSES AND EXCESSIVE DEPLETION DUE TO COMMONALITY

Kun C. Lee, Cameron Short and Earl O. Heady

No 279261, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The optimal rates of intertemporal and within-group groundwater mining in the Ogallala Aquifer are estimated for the year 1985 to 2005. The gains realized by the optimal policy are measured and compared with gains from the free market policy and life of the aquifer is estimated.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 17
Date: 1981-07
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279261

DOI: 10.22004/ag.econ.279261

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