The externalities associated with the common property exploitation of groundwater
Article Abstract:
A comprehensive analysis of the common property system in groundwater extraction is presented. The analysis considers the pumping cost, stock and risk externalities. The rate of groundwater extraction under the common property arrangement is the result of a dynamic game played with feedback strategies. The need for decentralized groundwater management systems is highlighted, based on the analysis.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 1993
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Does accounting for preference heterogeneity improve the forecasting of a random utility model? A case study
Article Abstract:
The forecasting performance of a number of static random utility models of Lake Michigan salmon anglers is compared. The results reveal that both the random parameters logit (RPL) and latent class logit (LCL) models forecast equally well, by at least one measure the logit model outperforms them both, and also raise the possibility that recreational fishing decisions have a dynamic component.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 2004
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Static modeling of dynamic recreation behavior: Implications for prediction and welfare estimation
Article Abstract:
The outcomes of using a simpler static model of trip-taking behavior instead of more complicated and dynamic one are examined, with reference to the effects of trip prediction and welfare estimation on Lake Michigan salmon angling data from 199-97.
Publication Name: Journal of Environmental Economics and Management
Subject: Environmental services industry
ISSN: 0095-0696
Year: 2005
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