Integrated Management of the South Oahu Aquifer System: A Spatial and Temporal Approach

James Roumasset and Christopher Wada

No 200902, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Although the economics of groundwater management is typically modelled as a single aquifer serving a single group of consumers, resource managers must often decide how to manage multiple aquifers simultaneously. We propose a temporal and spatial model to determine the efficient allocation of groundwater when two coastal aquifers are available for exploitation. Along the optimal trajectory extraction may switch from single to simultaneous use, depending on how the total marginal cost of each resource evolves over time. A numerical simulation for the South Oahu aquifer system illustrates the switching behavior.

Keywords: Renewable resources; dynamic optimization; multiple resources (search for similar items in EconPapers)
JEL-codes: C61 Q25 Q28 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2009-05-01
New Economics Papers: this item is included in nep-env
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http://www.economics.hawaii.edu/research/workingpapers/WP_09-2.pdf First version, 2009 (application/pdf)

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