Roumasset, James A.; Wada, Christopher - Agricultural and Applied Economics Association - AAEA - 2011
Optimal recycling of minerals can be thought of as an integral part of the theory of the mine. In this paper, we … consider the role that wastewater recycling plays in the optimal extraction of groundwater, a renewable resource. We develop a … two-sector dynamic optimization model to solve for the optimal trajectories of groundwater extraction and water recycling …