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/lp/university-of-wisconsin-press/efficiency-of-viable-groundwater-management-policies-cWVFp8m0nJ
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- Publisher
- University of Wisconsin Press
- Copyright
- Copyright by the Board of Regents of the University of Wisconsin System.
- ISSN
- 1543-8325
Abstract
<p> We investigate the relative performance of simple groundwater policies in a spatially detailed aquifer and reveal the distribution of net benefits from those policies. Groundwater policy is plagued with a high level of complexity in achieving the first best outcome, which may be costly and politically infeasible to adopt. We parameterize a 8,457-cell spatially detailed model of the northwest Kansas section of the Ogallala Aquifer and find that simple pricing, quantity, and water market policies perform poorly but can be improved upon by localized policies that are more efficient and garner more popular support. </p>
Journal
Land Economics – University of Wisconsin Press
Published: Sep 30, 2016