 Dynamic Feedback between Surface and Groundwater Systems: Implications for Conjunctive ManagementKelly M. Cobourn No 103893, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association Abstract: A key feature of hydrologically connected surface and groundwater stocks is the two-way exchange of water between the systems. Increasing water scarcity, particularly in arid environments, has spurred debate on how to coordinate management of the two resources. In this paper, I present a model that describes the dynamic feedback loop between surface and groundwater systems when economic agents withdraw water from both for use in production. I use the model to describe optimal water extraction from both stocks and to evaluate how a conjunctive management policy shifts welfare between surface and groundwater user groups. Finally, I explore the importance of accounting for two-way feedback between the two stocks, when it exists, in estimating the benefits to a conjunctive management system. I estimate that the returns to conjunctive management in a closed system are greater than 6.5 times that in a system with an open feedback loop between water stocks. Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103893 Access Statistics for this paper More papers in 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association Contact information at EDIRC. |
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