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

Nicholas Brozovic, David 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)
Pages: 31
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20240

DOI: 10.22004/ag.econ.20240

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