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

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

  • Kun C. Lee & Cameron Short & Earl O. Heady, 1981. "Optimal Groundwater Mining in the Ogallala Aquifer: Estimation of Economic Losses and Excessive Depletion Due to Commonality," Center for Agricultural and Rural Development (CARD) Publications 81-wp1, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:81-wp1
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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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