Quintana-Ashwell, Nicolas E.; Peterson, Jeffrey M. - Southern Agricultural Economics Association - SAEA - 2014
-arid regions in the presence of technical change. The aquifer is a common-pool resource (CPR) because users typically hold the … right to pump groundwater but do not own the water contained in the aquifer and since groundwater is a fugitive resource … over the lifetime of the aquifer. The divergence between these two outcomes over time indicates the magnitude of the common …