Open Access. Powered by Scholars. Published by Universities.®
Physical Sciences and Mathematics Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Physical Sciences and Mathematics
On The Spatial Nature Of The Groundwater Pumping Externality, Nicholas Brozovic, David L. Sunding, David Zilberman
On The Spatial Nature Of The Groundwater Pumping Externality, Nicholas Brozovic, David L. Sunding, David Zilberman
Daugherty Water for Food Global Institute: Faculty Publications
Most existing economic analyses of optimal groundwater management use single-cell aquifer models, which assume that an aquifer responds uniformly and instantly to ground- water pumping. This paper demonstrates how spatially explicit aquifer response equations from the water resources engineering literature may be embedded in a general economic framework. Calibration of our theoretical model to published economic studies of spe- cific aquifers demonstrates that, by averaging basin drawdown across the entire resource, existing studies generally understate the magnitude of the groundwater pumping external- ity relative to spatially explicit models. For the aquifers studied, the drawdown predicted by single- cell models may …
Optimal Management Of Groundwater Over Space And Time, Nicholas Brozovic, David L. Sunding, David Zilberman
Optimal Management Of Groundwater Over Space And Time, Nicholas Brozovic, David L. Sunding, David Zilberman
Daugherty Water for Food Global Institute: Faculty Publications
For nearly half a century, groundwater has been portrayed in the economic literature as a typical common property resource. Numerous studies of groundwater extraction have analyzed the externalities imposed by users on each other. A large body of work offers clear prescriptions in the form of optimal policy instruments, and a similarly large body of work advocates the needlessness of any centralized intervention. Yet existing theoretical models of groundwater extraction implicitly make two strong assumptions about the underlying behavior of the resource. First, the spatial distribution of resource users is assumed to be irrelevant. Second, path-independence of the resource is …