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The Good, Bad, and Ugly of Watershed Management

Author

Listed:
  • Kimberly Burnett

    (UHERO, University of Hawai�i at Manoa)

  • James Roumasset

    (University of Hawai�i at Manoa, UHERO)

  • Christopher Wada

    (UHERO, University of Hawai�i at Manoa)

Abstract

Efficient management of groundwater resource systems requires careful consideration of relationships � both positive and negative � with the surrounding environment. The removal of and protection against �bad� and "ugly" natural capital such as invasive plants and feral animals and the enhancement of �good� capital (e.g. protective fencing) are often viewed as distinct management problems. Yet environmental linkages to a common groundwater resource suggest that watershed management decisions should be informed by an integrated framework. We develop such a framework and derive principles that govern optimal investment in the management of two types of natural capital � those that increase recharge and those that decrease recharge � as well as groundwater extraction itself. Depending on the initial conditions of the system and the characteristics of each type of natural capital, it may make sense to remove bad capital exclusively, enhance good capital exclusively, or invest in both activities simultaneously until their marginal benefits are equal.

Suggested Citation

  • Kimberly Burnett & James Roumasset & Christopher Wada, 2014. "The Good, Bad, and Ugly of Watershed Management," Working Papers 2014-7, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    • Handle: RePEc:hae:wpaper:2014-7
    as

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    File URL: https://uhero.hawaii.edu/wp-content/uploads/2019/08/WP_2014-7.pdf
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. Roumasset, James & Wada, Christopher A., 2013. "A dynamic approach to PES pricing and finance for interlinked ecosystem services: Watershed conservation and groundwater management," Ecological Economics, Elsevier, vol. 87(C), pages 24-33.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Watershed management; natural capital; invasive species; groundwater economics;
    All these keywords.

    JEL classification:

    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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