Groundwater management in food security context
Lauriane Mouysset and
Luc Doyen ()
Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)
This article studies the sustainability of market-based instrument such as tradable permits for the management of a renewable aquifer used in agriculture production. Based on a 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. We then illustrate the results with numerical simulations based on the data from Gisser and Sanchez (1980).\r\nKeywords: Groundwater, Agriculture,
Keywords: Groundwater; Agriculture; Irrigation; Food security; Individual permits; Sustainability; Dynamic model; Viability kernel. (search for similar items in EconPapers)
JEL-codes: Q25 C61 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-env
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Journal Article: Groundwater Management in a Food Security Context (2018)
Working Paper: Groundwater Management in a Food Security Context (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2016-14
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