期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2019
卷号：44
期号：1
页码：194-211
出版社：WAEA
摘要：Groundwater is a valuable input to agricultural production in many areas, but its use imposesexternal costs on nearby producers. Little attention has been given to externalities that directlyaffect groundwater productivity. We develop a dynamic, spatially-explicit model of groundwateruse that allows changes in saturated thickness to affect both the pumping cost and productivity ofnearby wells.We compare gains from coordinated, socially optimal groundwater use to those thatresult from a user pursuing unilateral optimization. For wells with average saturated thickness,both unilateral and coordinated optimization can moderately increase the net present value ofresource rents.
关键词：Colorado; dynamic optimization; groundwater management; hydro;economic model;Republican River Basin; well capacity
