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A Private Property Rights Regime to Replenish a Groundwater Aquifer

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  • Bill Provencher

Abstract

Groundwater management is often reactive, and in some cases the groundwater stock (groundwater table) of an aquifer may fall below its optimal steady-state level before any thought is given to management. This paper examines a private property rights regime to restore a groundwater resource to its optimal steady-state. Results from a stochastic dynamic programming model of Madera County, California show that the private property rights regime recovers about 95 percent of the potential gain from groundwater management

Suggested Citation

  • Bill Provencher, 1993. "A Private Property Rights Regime to Replenish a Groundwater Aquifer," Land Economics, University of Wisconsin Press, vol. 69(4), pages 325-340.
  • Handle: RePEc:uwp:landec:v:69:y:1993:i:4:p:325-340
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    Cited by:

    1. Marita Laukkanen & Phoebe Koundouri, "undated". "Competition versus coopertion in groundwater extraction: A stochastic framework with heteregoneous agents," DEOS Working Papers 0606, Athens University of Economics and Business.
    2. Alain Ayong Le Kama & Agnès Tomini, 2012. "Water Conservation versus Soil Salinity Control," EconomiX Working Papers 2012-8, University of Paris Nanterre, EconomiX.
    3. Knapp, Keith C. & Schwabe, Kurt A., 2008. "AJAE Appendix: Spatial Dynamics of Water and Nitrogen Management in Irrigated Agriculture," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 0(Number 2), pages 1-17.
    4. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2007. "Water Markets in the West: Prices, Trading, and Contractual Forms," ICER Working Papers 30-2007, ICER - International Centre for Economic Research.
    5. Hubert Stahn & Agnès Tomini, 2015. "Rainwater Harvesting under Endogenous Capacity of Storage : a Solution to Aquifer Preservation," Annals of Economics and Statistics, GENES, issue 119-120, pages 209-234.
    6. Knapp, Keith C. & Franklin, Bradley, 2012. "Sustainability Economics of Groundwater Usage and Management," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124959, Agricultural and Applied Economics Association.
    7. Dionisios Latinopoulos & Eftichios S. Sartzetakis, 2015. "Using Tradable Water Permits in Irrigated Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(3), pages 349-370, March.
    8. Larry Kreiser & Ana Yábar Sterling & Pedro Herrera & Janet E. Milne & Hope Ashiabor (ed.), 2012. "Green Taxation and Environmental Sustainability," Books, Edward Elgar Publishing, number 15051.
    9. Iglesias, Eva, 2002. "La gestion de las aguas subterraneas en el acuifero Mancha Occidental," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 0(Number 01), pages 1-20.
    10. Rosalina Palanca-Tan, 2012. "Raw water pricing for ground water preservation: a policy advocacy exercise in CDO, Philippines 1," Chapters,in: Green Taxation and Environmental Sustainability, chapter 17, pages 258-272 Edward Elgar Publishing.
    11. Jedidiah Brewer & Robert Glennon & Alan Ker & Gary Libecap, 2008. "2006 Presidential Address Water Markets In The West: Prices, Trading, And Contractual Forms," Economic Inquiry, Western Economic Association International, vol. 46(2), pages 91-112, April.
    12. 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.
    13. Beard, Rodney & McDonald, Stuart, 2005. "Dynamic Recontracting of Water Rights," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137781, Australian Agricultural and Resource Economics Society.
    14. Esteban, Encarna & Albiac, José, 2011. "Groundwater and ecosystems damages: Questioning the Gisser-Sánchez effect," Ecological Economics, Elsevier, vol. 70(11), pages 2062-2069, September.
    15. Mukherjee, Monobina & Schwabe, Kurt A., 2014. "Where's the salt? A spatial hedonic analysis of the value of groundwater to irrigated agriculture," Agricultural Water Management, Elsevier, vol. 145(C), pages 110-122.
    16. Jean-christophe PEREAU & Lauriane MOUYSSET & Luc DOYEN, 2016. "Groundwater management in food security context," Cahiers du GREThA 2016-14, Groupe de Recherche en Economie Théorique et Appliquée.

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