Groundwater Management in a Food Security Context
Lauriane Mouysset () and
Luc Doyen ()
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Lauriane Mouysset: CNRS
Environmental & Resource Economics, 2018, vol. 71, issue 2, 319-336
Abstract This article analyzes the sustainability of market-based instruments such as tradable permits for the management of a renewable aquifer used for irrigated agriculture. In our dynamic hydro-economic model, a water agency aims at satisfying a food security constraint within a tradable permit scheme in the presence of myopic heterogeneous agents. We identify analytically the viability kernel that defines the states of the resource yielding inter-temporal feasible paths able to satisfy the set of constraints over time and the associated set of viable quota policies. We then illustrate the theoretical results of the paper with numerical simulations based on the Western La Mancha aquifer.
Keywords: Groundwater; Agriculture; Irrigation; Food security; Individual permits; Sustainability; Dynamic model; Viability kernel (search for similar items in EconPapers)
JEL-codes: Q15 Q25 C61 (search for similar items in EconPapers)
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