In this paper I propose and develop a new framework for modeling groundwater management issues. Specifically, I apply the methods of queuing theory—for the first time, to the best of my knowledge—to model a groundwater management problem from a long-run perspective. I characterize two simple management regimes as two different kinds of queues and then show how to pose a manager's decision problem as an optimization problem using queuing theoretic techniques. I solve for certain fundamental quantities, such as the expected system size, and then discuss the economic meaning and relevance of the queuing concepts being used. I close by discussing possible extensions to my basic models.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Utah State University, Department of Economics in its series Working Papers with number
9514.
Length: 18 pages Date of creation: Sep 1995 Date of revision: Publication status: published in Ecological Modelling 85(2-3, 1996):219-27 Handle: RePEc:usu:wpaper:9514