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The design of effective market institutions for allocation of water among competing uses remains an economic challenge both at a theoretical and practical level. The public good characteristic of instream flows adds another layer of externality which complicates transfers between consumptive and...
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Water policy experts contend that the United States is heading toward a water scarcity crisis in the coming years. Global climate change is likely to make water scarcity much worse in the long run. This article argues that demands of current and projected water management challenges can best be...
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myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A … groundwater) and (b) a social planner's model (representing the cooperative and sustainable allocation). The deviation of their … equilibrium state of this system. The two models are then applied in a typical rural area of Greece where groundwater is the only …
Persistent link: https://www.econbiz.de/10008934713
myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A … groundwater) and (b) a social planner’s model (representing the cooperative and sustainable allocation). The deviation of their … equilibrium state of this system. The two models are then applied in a typical rural area of Greece where groundwater is the only …
Persistent link: https://www.econbiz.de/10014184079
permit scheme that can effectively manage nitrate pollution of groundwater supplies for communities in rural areas without …
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