Motivated by the increasing challenges of sustaining groundwater reserves in the face of a growing population's rising demand for freshwater, we study a municipal groundwater management problem to determine optimal allocation and control policies in the presence of water transfer opportunities....

We provide a synthesis of the economics of groundwater with a focus on optimal management and the Pearce equation for renewable resources. General management principles developed through the solution of a single aquifer optimization problem are extended to the management of multiple resources...

We provide a synthesis of the economics of groundwater with a focus on optimal management and the Pearce equation for renewable resources. General management principles developed through the solution of a single aquifer optimization problem are extended to the management of multiple resources...