Integrated Management of the South Oahu Aquifer System: A Spatial and Temporal Approach
AbstractAlthough the economics of groundwater management is typically modelled as a single aquifer serving a single group of consumers, resource managers must often decide how to manage multiple aquifers simultaneously. We propose a temporal and spatial model to determine the efficient allocation of groundwater when two coastal aquifers are available for exploitation. Along the optimal trajectory extraction may switch from single to simultaneous use, depending on how the total marginal cost of each resource evolves over time. A numerical simulation for the South Oahu aquifer system illustrates the switching behavior.
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Bibliographic InfoPaper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 200902.
Length: 25 pages
Date of creation: 01 May 2009
Date of revision:
Find related papers by JEL classification:
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
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