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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.

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.

Suggested Citation

  • Sarnat, Carol L. & Willis, Cleve E. & Harper, Carolyn R., 1987. "Choosing Alternatives To Contaminated Ground Water Supplies: A Sequential Decision Framework Under Uncertainty," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 16(2), pages 1-11, October.
    • Handle: RePEc:ags:nejare:28981
    DOI: 10.22004/ag.econ.28981
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    References listed on IDEAS

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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. Abdalla, Charles W. & Roach, Brian A. & Epp, Donald J. & Shortle, James S., 1990. "Valuing Environmental Quality Changes Using Averting Expenditures: An Application to Groundwater Contamination," 1990 Annual meeting, August 5-8, Vancouver, Canada 271021, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. 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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    Keywords

    Environmental Economics and Policy;

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