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.
Research Article| December 01 2005
Economic modelling for groundwater resources management
Water Supply (2005) 5 (6): 41–52.
A. Xepapadeas; Economic modelling for groundwater resources management. Water Supply 1 December 2005; 5 (6): 41–52. doi: https://doi.org/10.2166/ws.2005.0048
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