Groundwater spatial dynamics and endogenous well location

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dc.creatorKatic, Pamela G.
dc.date2015-01
dc.date2015-03-17T14:39:59Z
dc.date2015-03-17T14:39:59Z
dc.date.accessioned2026-06-27T18:41:49Z
dc.descriptionGroundwater economic models have refined optimal extraction rules while lagging behind in the study of optimal spatial policies. This paper develops a theoretical model to estimate welfare gains from optimal groundwater management when the choice variable set is expanded to include well location decisions as well as optimal groundwater extraction paths. Our theoretical results show that if there is spatial heterogeneity in groundwater, the welfare gains from optimal location of wells are substantial even if extraction rates are unregulated. Furthermore, second-best economically defined spacing regulations may possibly have better efficiency results (and lower implementation costs) than first-best uniform taxes or quotas. An application of the model to a real-world aquifer shows the importance of including well location decisions in spatially differentiated groundwater models and the need for (1) robust estimates of the gains from optimal management and; (2) spatially explicit regulations.
dc.identifierhttps://hdl.handle.net/10568/58447
dc.identifier.urihttp://hdl.handle.net/123456789/162966
dc.languageen
dc.publisherSpringer
dc.rightsLimited Access
dc.sourceKatic, Pamela G. 2014. Groundwater spatial dynamics and endogenous well location. Water Resources Management, 29(1):181-196. doi: https://doi.org/10.1007/s11269-014-0834-5
dc.subjectgroundwater extraction
dc.subjectwater management
dc.subjectaquifers
dc.subjecteconomic aspects
dc.subjectwells
dc.subjectwelfare
dc.subjecthydrology
dc.subjectmodels
dc.titleGroundwater spatial dynamics and endogenous well location
dc.typeJournal Article

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Instituto Internacional para el Manejo del Agua (IWMI)