Groundwater spatial dynamics and endogenous well location
Groundwater economic models have refined optimal extraction rules while lagging behind in the study of optimal spatial policies. This paper develops a theoretical model to estimate welfare gains from optimal groundwater management when the choice variable set is expanded to include well location dec...
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Springer
2015
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/58447 |
| _version_ | 1855539588866506752 |
|---|---|
| author | Katic, Pamela G. |
| author_browse | Katic, Pamela G. |
| author_facet | Katic, Pamela G. |
| author_sort | Katic, Pamela G. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Groundwater economic models have refined optimal extraction rules while lagging behind in the study of optimal spatial policies. This paper develops a theoretical model to estimate welfare gains from optimal groundwater management when the choice variable set is expanded to include well location decisions as well as optimal groundwater extraction paths. Our theoretical results show that if there is spatial heterogeneity in groundwater, the welfare gains from optimal location of wells are substantial even if extraction rates are unregulated. Furthermore, second-best economically defined spacing regulations may possibly have better efficiency results (and lower implementation costs) than first-best uniform taxes or quotas. An application of the model to a real-world aquifer shows the importance of including well location decisions in spatially differentiated groundwater models and the need for (1) robust estimates of the gains from optimal management and; (2) spatially explicit regulations. |
| format | Journal Article |
| id | CGSpace58447 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Springer |
| publisherStr | Springer |
| record_format | dspace |
| spelling | CGSpace584472025-06-17T08:24:16Z Groundwater spatial dynamics and endogenous well location Katic, Pamela G. groundwater extraction water management aquifers economic aspects wells welfare hydrology models Groundwater economic models have refined optimal extraction rules while lagging behind in the study of optimal spatial policies. This paper develops a theoretical model to estimate welfare gains from optimal groundwater management when the choice variable set is expanded to include well location decisions as well as optimal groundwater extraction paths. Our theoretical results show that if there is spatial heterogeneity in groundwater, the welfare gains from optimal location of wells are substantial even if extraction rates are unregulated. Furthermore, second-best economically defined spacing regulations may possibly have better efficiency results (and lower implementation costs) than first-best uniform taxes or quotas. An application of the model to a real-world aquifer shows the importance of including well location decisions in spatially differentiated groundwater models and the need for (1) robust estimates of the gains from optimal management and; (2) spatially explicit regulations. 2015-01 2015-03-17T14:39:59Z 2015-03-17T14:39:59Z Journal Article https://hdl.handle.net/10568/58447 en Limited Access Springer Katic, Pamela G. 2014. Groundwater spatial dynamics and endogenous well location. Water Resources Management, 29(1):181-196. doi: https://doi.org/10.1007/s11269-014-0834-5 |
| spellingShingle | groundwater extraction water management aquifers economic aspects wells welfare hydrology models Katic, Pamela G. Groundwater spatial dynamics and endogenous well location |
| title | Groundwater spatial dynamics and endogenous well location |
| title_full | Groundwater spatial dynamics and endogenous well location |
| title_fullStr | Groundwater spatial dynamics and endogenous well location |
| title_full_unstemmed | Groundwater spatial dynamics and endogenous well location |
| title_short | Groundwater spatial dynamics and endogenous well location |
| title_sort | groundwater spatial dynamics and endogenous well location |
| topic | groundwater extraction water management aquifers economic aspects wells welfare hydrology models |
| url | https://hdl.handle.net/10568/58447 |
| work_keys_str_mv | AT katicpamelag groundwaterspatialdynamicsandendogenouswelllocation |