MEASURING THE GAINS FROM MANAGEMENT OF SPATIALLY HETEROGENEOUS RESOURCES: THE CASE OF GROUNDWATER

Nicholas Brozovic, David Loren Sunding and David Zilberman ()

No 20240, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We develop a model for the dynamic management of spatially heterogeneous resources with multiple users. We apply our model to the case of groundwater and show that – contrary to the results of existing studies – even when externalities are highly concentrated in space, significant efficiency gains are possible over competitive outcomes.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2004
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea04:20240

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