IDEAS home Printed from https://ideas.repec.org/a/bla/ijethy/v6y2010i1p47-56.html
   My bibliography  Save this article

Stochastic equilibrium: Concepts and computations for Lindley processes

Author

Listed:
  • Sarah Iams
  • Mukul Majumdar

Abstract

This paper deals with the question of estimating an invariant distribution of Lindley processes using simulation techniques. The results are of interest in problems of resource management with supply‐side uncertainty and constant harvesting.

Suggested Citation

  • Sarah Iams & Mukul Majumdar, 2010. "Stochastic equilibrium: Concepts and computations for Lindley processes," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 47-56, March.
    • Handle: RePEc:bla:ijethy:v:6:y:2010:i:1:p:47-56
    DOI: 10.1111/j.1742-7363.2009.00121.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1742-7363.2009.00121.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1742-7363.2009.00121.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alain Ayong Le Kama & Agnès Tomini, 2012. "Water Conservation versus Soil Salinity Control," EconomiX Working Papers 2012-8, University of Paris Nanterre, EconomiX.
    2. Koundouri, Phoebe & Christou, Christina, 2006. "Dynamic adaptation to resource scarcity and backstop availability: theory and application to groundwater," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 1-19, June.
    3. Edgar Tellez Foster & Amnon Rapoport & Ariel Dinar, 2018. "Alternative policies for subsidizing groundwater extraction: A field study in México," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 2(2), pages 55-69, September.
    4. Figureau, Anne-Gaelle & Montginoul, Marielle & Rinaudo, Jean-Daniel, 2014. "Scénarios de régulation décentralisée des prélèvements agricoles en eau souterraine. Évaluation participative dans le bassin du Clain," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 342(July-Augu).
    5. Andrea Caravaggio & Luigi De Cesare & Andrea Di Liddo, 2023. "A Differential Game for Optimal Water Price Management," Games, MDPI, vol. 14(2), pages 1-15, April.
    6. James Roumasset & Christopher Wada, 2012. "The Economics of Groundwater," Working Papers 201211, University of Hawaii at Manoa, Department of Economics.
    7. Carmen Marchiori & Susan Sayre & Leo Simon, 2012. "Bargaining and Devolution in the Upper Guadiana Basin," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(3), pages 453-470, March.
    8. Murielle Djiguemde & Dimitri Dubois & Alexandre Sauquet & Mabel Tidball, 2019. "On the modeling and testing of groundwater resource models," CEE-M Working Papers hal-02316729, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    9. Shaneyfelt, Calvin R. & Schoengold, Dr. Karina, 2014. "Irrigation Demand in a Changing Climate: Using disaggregate data to predict future groundwater use," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170586, Agricultural and Applied Economics Association.
    10. Halkos, George & Managi, Shunsuke, 2023. "New developments in the disciplines of environmental and resource economics," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 513-522.
    11. Jaghdani, Tinoush Jamali & Brümmer, Bernhard, 2011. "Demand for Irrigation Water for Pistachio Production from Depleting Groundwater Resources: Spatial Econometric Approach," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114457, European Association of Agricultural Economists.
    12. Julia Frutos Cachorro & Katrin Erdlenbruch & Mabel Tidball, 2019. "Sharing a Groundwater Resource in a Context of Regime Shifts," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(4), pages 913-940, April.
    13. Fabio Zagonari, 2010. "Sustainable, Just, Equal, and Optimal Groundwater Management Strategies to Cope with Climate Change: Insights from Brazil," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 24(13), pages 3731-3756, October.
    14. James Roumasset & Christopher Wada, 2013. "Ordering Extraction from Multiple Aquifers," Working Papers 2013-12, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    15. Lenouvel, Vincent & Montginoul, Marielle, 2010. "Groundwater Management Instruments in a Conjunctive Use System: Assessing the Impact on Farmers’ Income Using Mixed Integer Linear Programming (MILP)," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 59(03), pages 1-15, September.
    16. Wegmann, J., 2018. "Addressing the institutional challenges of groundwater management in areas of rapid urbanization," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277268, International Association of Agricultural Economists.
    17. Marta Biancardi & Lucia Maddalena, 2018. "Competition and cooperation in the exploitation of the groundwater resource," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 41(2), pages 219-237, November.
    18. Saak, Alexander E. & Peterson, Jeffrey M., 2007. "Groundwater use under incomplete information," Journal of Environmental Economics and Management, Elsevier, vol. 54(2), pages 214-228, September.
    19. Phoebe Koundouri & Ebun Akinsete & Nikolaos Englezos & Xanthi Kartala & Ioannis Souliotis & Josef Adler, 2017. "Economic instruments, behaviour and incentives in groundwater management," DEOS Working Papers 1711, Athens University of Economics and Business.
    20. Buchholz, Matthias & Holst, Gesa & Musshoff, Oliver, 2015. "Water and irrigation policy impact assessment using business simulation games: evidence from northern Germany," Department of Agricultural and Rural Development (DARE) Discussion Papers 260781, Georg-August-Universitaet Goettingen, Department of Agricultural Economics and Rural Development (DARE).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ijethy:v:6:y:2010:i:1:p:47-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1742-7355 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.