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Choosing Alternatives To Contaminated Ground Water Supplies: A Sequential Decision Framework Under Uncertainty

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  • Sarnat, Carol L.
  • Willis, Cleve E.
  • Harper, Carolyn R.
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    Abstract

    In increasing numbers, communities that rely on groundwater for drinking supplies have discovered contamination from agricultural pesticides and herbicides, road salt, underground fuel storage, and septic systems. A variety of short- and long-run remedies are available with highly uncertain outcomes. An appropriate technique for solving a benefit-cost problem of this type is a sequential decision framework using stochastic dynamic programming procedures for solution. The approach is illustrated here by means of an application to the problem of the recent contamination of the groundwater of Whately, Massachusetts by the agricultural fumigant EDB and the pesticide aldicarb.

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    Bibliographic Info

    Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

    Volume (Year): 16 (1987)
    Issue (Month): 2 (October)
    Pages:

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    Handle: RePEc:ags:nejare:28981

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    Web page: http://www.narea.org/
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    Keywords: Environmental Economics and Policy;

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    1. Shechter, Mordechai, 1985. "An anatomy of a groundwater contamination episode," Journal of Environmental Economics and Management, Elsevier, vol. 12(1), pages 72-88, March.
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    Cited by:
    1. Jordan, Jeffrey L., 1998. "Georgia Water Series -- Issue 6: Future Issues And Directions Facing Water Resources," Faculty Series 16637, University of Georgia, Department of Agricultural and Applied Economics.

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