Estimating the Marginal Social Value of Agriculturally Driven Nitrate Concentrations in an Aquifer: A Combined Theoretical-Applied Approach

Cyril Bourgeois, Pierre-Alain Jayet, Florence Habets and Pascal Viennot
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Florence Habets: UMR 7619 METIS, CNRS, UPMC, Paris, France
Pascal Viennot: GEOSCIENCES, MinesParisTech, Paris, France

Water Economics and Policy (WEP), 2018, vol. 04, issue 01, 1-30

Abstract: We combine a theoretical model and a quantitative modeling chain based on a bio-economic model and a hydrological model in order to assess the marginal damage related to the nitrate concentration in an aquifer. The fundamental concept is to take the steady state level resulting from a social planner’s optimization program as the target level of nitrate concentration. The interest of doing this is three-fold: (i) we characterize the social value of damage related to the targeted nitrate concentration; which (ii) leads us to design the optimal path consistent with the target; and (iii) we can in turn assess welfare losses arising when the tax path deviates from the optimal one.

Keywords: Hydro-economic modeling; WFD; Aquifer pollution; nitrate; non-point source pollution; inverse modeling; optimal control; lag effect (search for similar items in EconPapers)
Date: 2018
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Working Paper: Estimating the Marginal Social Value of Agriculturally Driven Nitrate Concentrations in an Aquifer: A Combined Theoretical-Applied Approach (2018)
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DOI: 10.1142/S2382624X16500211

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