Water Supply Vol 5 No 6 pp 41–52 © IWA Publishing 2005
Economic modelling for groundwater resources management
A. Xepapadeas
Department of Economics, University of Crete, University Campus, 74100 Rethymno, Greece, (E-mail: xepapad@econ.soc.uoc.gr)
ABSTRACT
Conceptual models related to the management of groundwater resources are presented. Socially optimal and privately optimal, or atomistic, management rules and outcomes are compared, and decentralized policy schemes, in the form of water taxes, that can be used to sustain socially optimal use of groundwater resources are explored. Keywords Groundwater resources; open loop and feedback Nash equilibrium; regulation; socially optimal management
Full article (PDF Format)
PAY-PER-VIEW: Buy this article for £20.00 (IWA MEMBER PRICE: £15.00)
|
