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A Private Property Rights Regime to Replenish a Groundwater Aquifer

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  • Bill Provencher
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    Abstract

    Groundwater management is often reactive, and in some cases the groundwater stock (groundwater table) of an aquifer may fall below its optimal steady-state level before any thought is given to management. This paper examines a private property rights regime to restore a groundwater resource to its optimal steady-state. Results from a stochastic dynamic programming model of Madera County, California show that the private property rights regime recovers about 95 percent of the potential gain from groundwater management

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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 69 (1993)
    Issue (Month): 4 ()
    Pages: 325-340

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    Handle: RePEc:uwp:landec:v:69:y:1993:i:4:p:325-340

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    Web page: http://le.uwpress.org/

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    Cited by:
    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.
    2. Laukkanen, Marita & Koundouri, Phoebe, 2006. "Competition versus coopertion in groundwater extraction: A stochastic framework with heteregoneous agents," MPRA Paper 41910, University Library of Munich, Germany.
    3. Beard, Rodney & McDonald, Stuart, 2005. "Dynamic Recontracting of Water Rights," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137781, Australian Agricultural and Resource Economics Society.
    4. Alain Ayong Le Kama & Agnès Tomini, 2012. "Water Conservation versus Soil Salinity Control," EconomiX Working Papers 2012-8, University of Paris West - Nanterre la Défense, EconomiX.
    5. Esteban, Encarna & Albiac, José, 2011. "Groundwater and ecosystems damages: Questioning the Gisser-Sánchez effect," Ecological Economics, Elsevier, vol. 70(11), pages 2062-2069, September.
    6. Knapp, Keith C. & Schwabe, Kurt A., 2008. "AJAE Appendix: Spatial Dynamics of Water and Nitrogen Management in Irrigated Agriculture," American Journal of Agricultural Economics Appendices, Agricultural and Applied Economics Association, vol. 90(2), May.
    7. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary D. Libecap, 2007. "Water Markets in the West: Prices, Trading, and Contractual Forms," NBER Working Papers 13002, National Bureau of Economic Research, Inc.
    8. Hubert Stahn & Agnès Tomini, 2011. "Rainwater Harvesting under Endogenous Capacity of Storage : a solution to aquifer preservation?," Working Papers halshs-00626334, HAL.
    9. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2007. "Water Markets in the West: Prices, Trading, and Contractual Forms," ICER Working Papers 30-2007, ICER - International Centre for Economic Research.
    10. Knapp, Keith C. & Franklin, Bradley, 2012. "Sustainability Economics of Groundwater Usage and Management," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124959, Agricultural and Applied Economics Association.
    11. Iglesias, Eva, 2002. "La gestion de las aguas subterraneas en el acuifero Mancha Occidental," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 2(01).

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