Groundwater Management in a Food Security Context
Language
EN
Article de revue
This item was published in
Environmental and Resource Economics. 2018, vol. 71, n° 2, p. 319-336
English Abstract
This article analyzes the sustainability of market-based instruments such as tradable permits for the management of a renewable aquifer used for irrigated agriculture. In our dynamic hydro-economic model, a water agency ...Read more >
This article analyzes the sustainability of market-based instruments such as tradable permits for the management of a renewable aquifer used for irrigated agriculture. In our dynamic hydro-economic model, a water agency aims at satisfying a food security constraint within a tradable permit scheme in the presence of myopic heterogeneous agents. We identify analytically the viability kernel that defines the states of the resource yielding inter-temporal feasible paths able to satisfy the set of constraints over time and the associated set of viable quota policies. We then illustrate the theoretical results of the paper with numerical simulations based on the Western La Mancha aquifer.Read less <
English Keywords
Groundwater
Numerical Method
Dynamic Models
Agriculture
Aquifer
Groundwater Management
Model
Water Management
Aquifers
Dynamic Model
Economic Modeling
Food Security
Food Supply
Groundwater Resources
Heterogeneous Agents
Individual Permits
Irrigated Agriculture
Irrigation
Market-Based Instruments
Sustainability
Sustainable Development
Viability Kernel
Water Management