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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, . "Current issues in the economics of groundwater resource management," DEOS Working Papers, Athens University of Economics and Business 0402, Athens University of Economics and Business.
    2. Knapp, Keith C. & Franklin, Bradley, 2012. "Sustainability Economics of Groundwater Usage and Management," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association 124959, Agricultural and Applied Economics Association.
    3. Marita Laukkanen & Phoebe Koundouri, . "Competition versus coopertion in groundwater extraction: A stochastic framework with heteregoneous agents," DEOS Working Papers, Athens University of Economics and Business 0605, Athens University of Economics and Business.
    4. Dionisios Latinopoulos & Eftichios Sartzetakis, 2013. "Using tradable water permits in irrigated agriculture," Discussion Paper Series, Department of Economics, University of Macedonia 2013_04, Department of Economics, University of Macedonia, revised Dec 2013.
    5. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2007. "Water Markets in the West: Prices, Trading, and Contractual Forms," ICER Working Papers, ICER - International Centre for Economic Research 30-2007, ICER - International Centre for Economic Research.
    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, Agricultural and Applied Economics Association, vol. 90(2), May.
    7. Iglesias, Eva, 2002. "La gestion de las aguas subterraneas en el acuifero Mancha Occidental," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, Spanish Association of Agricultural Economists, vol. 2(01).
    8. Beard, Rodney & McDonald, Stuart, 2005. "Dynamic Recontracting of Water Rights," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia, Australian Agricultural and Resource Economics Society 137781, Australian Agricultural and Resource Economics Society.
    9. Esteban, Encarna & Albiac, José, 2011. "Groundwater and ecosystems damages: Questioning the Gisser-Sánchez effect," Ecological Economics, Elsevier, Elsevier, vol. 70(11), pages 2062-2069, September.
    10. 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.
    11. Hubert Stahn & Agnès Tomini, 2011. "Rainwater Harvesting under Endogenous Capacity of Storage : a solution to aquifer preservation?," Working Papers, HAL halshs-00626334, HAL.
    12. Alain Ayong Le Kama & Agnès Tomini, 2012. "Water Conservation versus Soil Salinity Control," EconomiX Working Papers, University of Paris West - Nanterre la Défense, EconomiX 2012-8, University of Paris West - Nanterre la Défense, EconomiX.

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