Khalifa, Sherif; Hurcan, Ihsan Kaler - In: Journal of Applied Economics XIV (2011) May, pp. 145-166
This paper utilizes the geometric techniques developed in Khan and Mitra (2005, 2007) to analyze the optimal intertemporal allocation of water resources in a dynamic setup without discounting. The framework features two sectors: the first uses labor to purify water, while the second uses labor...