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Saak, Alexander E.. |
This paper analyzes a game theoretic model of groundwater extraction in an asymmetric two-cell aquifer under incomplete information about the extent to which the local stock of groundwater depends on the extraction histories at nearby wells. A novel assumption is that the elevation of the bottom of the aquifer differs across, otherwise identical, cells. Asymmetry creates a strategic advantage (disadvantage) for the user in the deep (shallow) cell in “stealing” neighbor’s water. The user with a larger initial stock actually benefits from the commonality of groundwater provided that the asymmetry is not too small or too great. Assuming that the asymmetry between users is sufficiently large, better informed, non-cooperative users attain a higher joint... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Common property resource; Asymmetry; Groundwater; Information; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/6545 |
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Saak, Alexander E.; Peterson, Jeffrey M.. |
Farm size is a significant determinant of both groundwater irrigated farm acreage and groundwater irrigation application rates per acre. This paper analyzes the patterns of groundwater exploitation when resource users in the area overlying a common aquifer are heterogeneous. In the presence of user heterogeneity, the common resource problem consists of inefficient dynamic and spatial allocation of groundwater because it impacts income distribution not only across periods but also across farmers. Under competitive allocation, smaller farmers pump groundwater faster if farmers have a constant marginal periodic utility of income. However, it is possible that larger farmers pump faster if the Arrow-Pratt coefficient of relative risk-aversion is sufficiently... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Common property resource; Groundwater; Majorization; Resource /Energy Economics and Policy. |
Ano: 2007 |
URL: http://purl.umn.edu/9798 |
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