Holland, Stephen - In: Environmental & Resource Economics 34 (2006) 2, pp. 291-315
water project. The model pays special attention to increasing groundwater pumping costs, project set-up costs, limited … construct the project too late when the price of groundwater is too high because the external benefit of return-flow to the … groundwater overdraft. The return-flow externality and market power also decrease installed capacity and increase overdraft from …