Natural Resource Economics Commons^™

Interpreting Potential Groundwater Policies Through Modeling Of Market And Non-Market Benefits And Costs, Grant H. West

Graduate Theses and Dissertations

Current policies leveraging financial incentives and improved irrigation efficiency to mitigate groundwater scarcity have not proven to curtail trends of resource depletion. Groundwater benefits cannot be appropriately valued solely on market forces, and so deeper policy consideration is warranted under a framework that considers the importance of groundwater across all its values to society. Understanding time preferences for groundwater management and preferences for alternative policies is vital to inform efficient policies. Furthermore, climate change remains politically controversial yet has important consequences for critical groundwater resources and their sustainable long-term management. Proliferating policy narratives concerning climate change could influence the way …