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Measuring The Gains From Management Of Spatially Heterogeneous Resources: The Case Of Groundwater

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  • Brozovic, Nicholas
  • Sunding, David L.
  • Zilberman, David

Abstract

We develop a model for the dynamic management of spatially heterogeneous resources with multiple users. We apply our model to the case of groundwater and show that contrary to the results of existing studies even when externalities are highly concentrated in space, significant efficiency gains are possible over competitive outcomes.

Suggested Citation

  • Brozovic, Nicholas & Sunding, David L. & Zilberman, David, 2004. "Measuring The Gains From Management Of Spatially Heterogeneous Resources: The Case Of Groundwater," 2004 Annual meeting, August 1-4, Denver, CO 20240, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20240
    DOI: 10.22004/ag.econ.20240
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    References listed on IDEAS

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