Esteban, Encarna; Albiac, José - In: Ecological Economics 70 (2011) 11, pp. 2062-2069
Gisser and Sánchez (1980a) state the conditions under which welfare gains from policy intervention are negligible in aquifer management, when compared with non-regulation or "free market" outcomes. This is the so-called Gisser-Sánchez effect (GSE), which has been supported by the ensuing...