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Optimal Groundwater Mining In The Ogallala Aquifer: Estimation Of Economic Losses And Excessive Depletion Due To Commonality

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  • Lee, Kun C.
  • Short, Cameron
  • Heady, Earl O.

Abstract

The optimal rates of intertemporal and within-group groundwater mining in the Ogallala Aquifer are estimated for the year 1985 to 2005. The gains realized by the optimal policy are measured and compared with gains from the free market policy and life of the aquifer is estimated.

Suggested Citation

  • Lee, Kun C. & Short, Cameron & Heady, Earl O., 1981. "Optimal Groundwater Mining In The Ogallala Aquifer: Estimation Of Economic Losses And Excessive Depletion Due To Commonality," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279261, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279261
    DOI: 10.22004/ag.econ.279261
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    File URL: https://ageconsearch.umn.edu/record/279261/files/aaea-1981-022.pdf
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    References listed on IDEAS

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    1. Burt, O.R. & Cummings, R.G. & McFarland, J.W., 1977. "Defining Upper Limits to Groundwater Development in the Arid West," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283690, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    3. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    4. O. R. Burt & R. G. Cummings & J. W. McFarland, 1977. "Defining Upper Limits to Groundwater Development in the Arid West," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(5), pages 943-947.
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    Cited by:

    1. Nathaniel H Merrill & Todd Guilfoos, 2018. "Optimal Groundwater Extraction under Uncertainty and a Spatial Stock Externality," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(1), pages 220-238.
    2. Wang, Chenggang & Segarra, Eduardo, 2009. "Optimal Groundwater Extraction under the Linear Response and Plateau Technology," 2009 Conference, August 16-22, 2009, Beijing, China 51432, International Association of Agricultural Economists.
    3. Phoebe Koundouri, 2009. "Groundwater And Economics: Gisser-Sanchez's Effect Reconsidered," DEOS Working Papers 0905, Athens University of Economics and Business.
    4. Guilfoos, Todd & Pape, Andreas D. & Khanna, Neha & Salvage, Karen, 2013. "Groundwater management: The effect of water flows on welfare gains," Ecological Economics, Elsevier, vol. 95(C), pages 31-40.
    5. 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.
    6. Phoebe Koundouri, 2003. "Potential for groundwater management: Gisser-Sanchez effect reconsidered," DEOS Working Papers 0307, Athens University of Economics and Business.
    7. Nasim, Sanval & Helfand, Steven & Dinar, Ariel, 2020. "Groundwater management under heterogeneous land tenure arrangements," Resource and Energy Economics, Elsevier, vol. 62(C).

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