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

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.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20240
Total Pages:
31
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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