Cadillac desert revisited: property rights, public policy, and water-resource depletion
Article Abstract:
A model of the dynamic tradeoff between water project construction and groundwater mining that incorporates a project's setup costs and capacity constrained is developed. The welfare effects of alternative Central Arizona Project (CAP) are quantified by applying this model.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 2003
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Extraction capacity and the optimal order of extraction
Article Abstract:
The least-cost-first extraction rule for deposits with different extraction costs is shown to be invalid in general equilibrium. It is shown that if extraction is from a high-cost resource, it is restrained, and it is optimal to begin extraction from a low-cost resource.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 2003
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Set-up cost and the existence of competitive equilibrium when extraction capacity is limited
Article Abstract:
The existence of the Walrasian competitive equilibrium is independent of the simple extraction models with set-up cost. However, the validity of this assumption that is dependent on unlimited extraction capacities is analyzed.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 2003
User Contributions:
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