|
|
||
| Go To D.I.E.E.S. | WPA Home | Papers List | Login |
|
Working Paper : 0905 |
| Authors | Koundouri, P. |
| Title | Groundwater And Economics: Gisser-Sanchez's Effect Reconsidered |
| Abstract | This chapter provides a critical review of the theoretical and empirical literature on groundwater economics. In particular, it points at various misconceptions, inaccuracies and omissions of the current state of the literature that could potentially resolve part of a paradoxical empirical result, which persists in this literature. This result points to an insignificant numerical magnitude of benefits from optimally managing groundwater, even when aquifers are seriously depleted. |
| Creation Date | 2009-12-30 |
| Keywords | groundwater management; common property resource; tragedy of the commons; optimal control of extraction; Gisser-Sanchez's effect |
| File | GISSER.SANCHEZS.EFFECT.RECONSIDERED.pdf (565382 bytes) |
| File-Function | First version |
|
Copyright © 2009 [D.I.E.S.S. A.U.E.B.]. All rights reserved. |